Is Dermott, AR 71638 a buyer’s or seller’s market?
Dermott is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Dermott housing market right now
In the three months ending August 31, 2026, 0% of homes in Dermott, AR 71638 sold above their list price, the typical home went under contract in 44 days and there were 22.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Nearby, Monticello 71655 (4% sold over asking) is even more competitive.
Run the numbers for 71638
Nearby markets
Monticello 71655Buyer’s market $97 /sq ftWilmar 71675 $38 /sq ft Browse all markets →Towns like Dermott nearby
Find towns like Dermott in other states →Where Dermott is
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Questions about Dermott real estate
Is Dermott a buyer’s or seller’s market?
A buyer’s market: there were 22.4 months of supply in Dermott, AR 71638 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Dermott?
The typical home went under contract in 44 days in the latest three months.
Do homes in Dermott sell over asking?
0% of homes sold above their original list price.
What are property taxes in Dermott?
About 0.47% of a home’s value a year in Drew County, or roughly $1,880 on a $400,000 home.
What is the median home price in Dermott?
The median sale price was $27,188 in the three months ending August 31, 2026.
Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology