Is Hermitage, AR 71647 a buyer’s or seller’s market?
Hermitage is a seller’s market. With about 2.4 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Hermitage housing market right now
In the three months ending August 31, 2026, 25% of homes in Hermitage, AR 71647 sold above their list price, the typical home went under contract in 55 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (78 days then) and the median sale price fell 82% to $110,052. Overall, Hermitage is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Jersey 71651 (0% sold over asking) or Warren 71671 (18% sold over asking).
Run the numbers for 71647
Nearby markets
Banks 71631 — /sq ftJersey 71651Seller’s market $111 /sq ftWarren 71671Balanced $36 /sq ft Browse all markets →Towns like Hermitage nearby
Find towns like Hermitage in other states →Where Hermitage is
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Questions about Hermitage real estate
Is Hermitage a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Hermitage, AR 71647 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 Hermitage?
The typical home went under contract in 55 days in the latest three months.
Do homes in Hermitage sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 92.1% of the list price.
What are property taxes in Hermitage?
About 0.57% of a home’s value a year in Bradley County, or roughly $2,280 on a $400,000 home.
What is the median home price in Hermitage?
The median sale price was $110,052 in the three months ending August 31, 2026, about $38 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology