Royal, AR Foreclosures
How much do homes sell for in Royal, AR?
The average home price is currently $303,527.
In Royal, AR, how many homes are available?
There are currently 1 active home listings available in Royal.
What’s the average rental cost in Royal, AR?
The average rental price in Royal is $1,194.
What is the most expensive home in Royal?
The most expensive home sold in Royal had a price of $2,921,447.
What is currently the cheapest priced home in Royal, AR?
The cheapest home for sale in Royal is priced at $13,742.
Living in Royal, AR
Royal, Arkansas is a small town located in Garland County, known for its scenic natural beauty and friendly community. Nestled near Lake Ouachita, it provides residents with numerous outdoor activities such as fishing, hiking, and boating. The town's close-knit atmosphere and access to outdoor recreational opportunities make it an attractive destination for families and retirees alike.
Current Market Conditions in Royal, AR
The real estate market in Royal, AR is currently characterized by a steady demand for homes, largely driven by the area's appeal to both retirees and nature enthusiasts. Although the number of homes available for sale has fluctuated, buyers are often drawn to the region's affordability compared to larger cities. Growth in the local economy, mainly from tourism, is also helping to bolster home values.
In recent months, the market has seen a gradual increase in home prices as more buyers enter the market, seeking properties close to Lake Ouachita. This uptick is encouraging homeowners to put their properties up for sale, though inventory remains lower than desired to meet the rising demand.
Home Value Estimator For Royal, AR
There are currently 1,647 real estate properties
in Royal, AR,
with a median automated valuation model (AVM) price
of $244,797.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Royal, 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 Royal, AR,
is $303,527.00, with the most expensive house
in Royal, AR, topping out
at $2,921,447.00 and the cheapest home
in Royal, AR,
clocking in at $13,742.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Royal, AR!
Rent Prices
In Royal, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Royal, AR, is on
a rollercoaster ride. The
average rent price in Royal, AR,
is $1,194.00. Indeed, when looking to rent in
Royal, AR, you can expect to pay as little
as $510.00 or as much
as $3,420.00,
with the average rent median estimated to
be $1,130.00. The good news is that finding
an affordable and desirable property to rent in Royal, 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
