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Is Lockesburg, AR 71846 a buyer’s or seller’s market?

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

Lockesburg is a seller’s market. With about 3.2 months of supply and 0% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.4%Sold price ÷ list price
Median days on market38Listing to accepted offer
Median price per sq ft$162▲ +80.2% vs. last year

The Lockesburg housing market right now

In the three months ending August 31, 2026, 0% of homes in Lockesburg, AR 71846 sold above their list price, the typical home went under contract in 38 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (93 days then) and the median sale price rose 133% to $255,889. Overall, Lockesburg is more competitive than a year ago, so tougher for buyers.

Nearby, Horatio 71842 (50% sold over asking) and De Queen 71832 (25% sold over asking) are even more competitive.

Run the numbers for 71846

Prefilled for 71846Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71846Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

De Queen 71832Buyer’s market $83 /sq ftGillham 71841 — /sq ftHoratio 71842Buyer’s market $122 /sq ft Browse all markets →

Towns like Lockesburg nearby

Find towns like Lockesburg in other states →
Hooks, TX75561 · 29 miles away82% similarlarger Horatio, AR71842 · 10 miles away79% similarpricier homes ($51K more) · smaller Ashdown, AR71822 · 17 miles away77% similarlarger · older residents Grannis, AR71944 · 24 miles away76% similarcheaper homes ($40K less) · smaller

Where Lockesburg is

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Questions about Lockesburg real estate

Is Lockesburg a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Lockesburg, AR 71846 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 Lockesburg?

The typical home went under contract in 38 days in the latest three months.

Do homes in Lockesburg sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.

What are property taxes in Lockesburg?

About 0.44% of a home’s value a year in Sevier County, or roughly $1,760 on a $400,000 home.

What is the median home price in Lockesburg?

The median sale price was $255,889 in the three months ending August 31, 2026, about $162 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