Pencil Bluff, AR Foreclosures
How much do homes sell for in Pencil Bluff, AR?
The average home price is currently $218,364.
In Pencil Bluff, AR, how many homes are available?
There are currently 14 active home listings available in Pencil Bluff.
What’s the average rental cost in Pencil Bluff, AR?
The average rental price in Pencil Bluff is $946.
What is the most expensive home in Pencil Bluff?
The most expensive home sold in Pencil Bluff had a price of $1,296,639.
What is currently the cheapest priced home in Pencil Bluff, AR?
The cheapest home for sale in Pencil Bluff is priced at $23,619.
Living in Pencil Bluff, AR
Pencil Bluff is a small community located in the scenic Ouachita Mountains of Arkansas. Known for its serene environment and a strong sense of community, it is popular among those seeking a quiet lifestyle surrounded by nature. The area offers various outdoor activities, including hiking, fishing, and camping, making it ideal for outdoor enthusiasts.
Current Market Conditions in Pencil Bluff, AR
Currently, Pencil Bluff's real estate market is showing signs of steady growth, driven primarily by its appeal to second-home buyers and those seeking a permanent residence in a natural setting. The community's offerings of outdoor activities and serene living conditions continue to attract new residents looking to relocate from more urban environments. Demand for homes in the area has increased slightly over the past year, with prices stabilizing as inventory remains low below the national average, reflecting a healthy market balance.
The average price of homes in Pencil Bluff is currently $175,000, with a diverse range of properties available, from cozy cabins to larger family homes. The area's natural appeal plays a significant role in the real estate market, making it a sought-after location for buyers looking for affordable yet scenic homes.
Home Value Estimator For Pencil Bluff, AR
There are currently 126 real estate properties
in Pencil Bluff, AR,
with a median automated valuation model (AVM) price
of $154,319.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Pencil Bluff, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Pencil Bluff, AR,
is $218,364.00, with the most expensive house
in Pencil Bluff, AR, topping out
at $1,296,639.00 and the cheapest home
in Pencil Bluff, AR,
clocking in at $23,619.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Pencil Bluff, AR!
Rent Prices
In Pencil Bluff, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Pencil Bluff, AR, is on
a rollercoaster ride. The
average rent price in Pencil Bluff, AR,
is $946.00. Indeed, when looking to rent in
Pencil Bluff, AR, you can expect to pay as little
as $610.00 or as much
as $1,830.00,
with the average rent median estimated to
be $870.00. The good news is that finding
an affordable and desirable property to rent in Pencil Bluff, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
