Maumelle, Arkansas housing market update for January 2023
Maumelle, Arkansas is a beautiful and desirable city to call home. The real estate market in Maumelle is currently experiencing an upward trend, with a median list price of $319,900, which is up from $285,000 in January 2022. The median price of new listings is $260,000, and there are 61 active listings on the market.
While the median days on market has slightly increased from 42 days last year to 56 days, it is still lower than the median days on market in January 2020, which was as high as 95 days. Additionally, the percent of homes listed with price decreases has dropped to 29%, down from recent highs of 34%.
This is an excellent time to consider purchasing a home in Maumelle, as real estate is a long-term investment. Historically, homeownership has been a solid financial move, and while home prices may fluctuate in the short term, they tend to appreciate over the long term.
Maumelle offers a unique blend of natural beauty and urban amenities. The city is known for its picturesque parks and recreational areas, including the Maumelle Nature Park, which offers hiking trails, fishing, and bird-watching. Additionally, the city boasts a variety of shopping and dining options, as well as excellent schools, making it an ideal place for families to settle down.
It's worth noting that the current mortgage rate is just over 6%, which is an attractive rate for buyers.
Maumelle, Arkansas is a beautiful and desirable city with a real estate market that is showing positive signs of growth. With a median list price of $319,900 and a current mortgage rate of just over 6%, now is a great time to invest in a home in Maumelle. The city's natural beauty, urban amenities, and excellent schools make it an ideal place to call home.
Median List Price
Median Price of New Listings
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