In a ever changing real estate landscape, homeowners and hopeful buyers alike need to understanding the fluctuations in property values across the nation. As the housing market continues to be a main point of economic discussions, GOBankingRates has compiled a comprehensive analysis to shed light on the latest insights into the average home prices in each state. Using the Zillow Home Value Index for the August 2023 and August 2022 median home values for each state, gave a perspective on the year-over-year changes both in dollars and percentage.
Keep in mind that home valuations from Zillow are not a replacement for official appraisals performed by licensed professionals.
Arkansas Stats:
- August 2022 Median Home Value: $195,189.79
- August 2023 Median Home Value: $198,501.94
- Year-over-Year Percentage Change: 1.70%
This analysis offers valuable insights into average home prices throughout the state of Arkansas, we strongly recommend that individuals seeking an accurate and personalized assessment of their property’s value consult a licensed real estate professional or appraiser. These experts possess the knowledge and experience to consider various factors specific to your home, ensuring a more precise valuation. The guidance of a licensed professional not only provides clarity but also empowers homeowners and potential buyers to make informed choices that align with their financial goals.