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Is Lake Village, AR 71653 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lake Village is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.8%Sold price ÷ list price
Median days on market263Listing to accepted offer
Median price per sq ft$108▲ +22.4% vs. last year

The Lake Village housing market right now

In the three months ending August 31, 2026, 0% of homes in Lake Village, AR 71653 sold above their list price, the typical home went under contract in 263 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 20%, homes sold more slowly (125 days then) and the median sale price rose 88% to $248,642. Overall, Lake Village is less competitive than a year ago, which gives buyers more room.

Run the numbers for 71653

Prefilled for 71653Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71653Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Eudora 71640Seller’s market $66 /sq ftPortland 71663 — /sq ft Browse all markets →

Towns like Lake Village nearby

Find towns like Lake Village in other states →
Leland, MS38756 · 24 miles away90% similarcheaper homes ($40K less) Rolling Fork, MS39159 · 39 miles away81% similarcheaper homes ($43K less) · smaller Inverness, MS38753 · 39 miles away80% similarsmaller Monticello, AR71655 · 36 miles away78% similarlarger · more apartments and townhomes

Where Lake Village is

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Questions about Lake Village real estate

Is Lake Village a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in Lake Village, AR 71653 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 Lake Village?

The typical home went under contract in 263 days in the latest three months.

Do homes in Lake Village sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.8% of the list price.

What are property taxes in Lake Village?

About 0.49% of a home’s value a year in Chicot County, or roughly $1,960 on a $400,000 home.

What is the median home price in Lake Village?

The median sale price was $248,642 in the three months ending August 31, 2026, about $108 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