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Is Cove, AR 71937 a buyer’s or seller’s market?

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

Cove is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market76Listing to accepted offer
Median price per sq ft$83▲ +59.8% vs. last year

The Cove housing market right now

In the three months ending August 31, 2026, 0% of homes in Cove, AR 71937 sold above their list price, the typical home went under contract in 76 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 (120 days then) and the median sale price rose 40% to $174,924. Overall, Cove is more competitive than a year ago, so tougher for buyers.

Within Polk County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Mena 71953 (8% sold over asking) is even more competitive.

Run the numbers for 71937

Prefilled for 71937Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71937Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Grannis 71944Seller’s market $200 /sq ftHatfield 71945Buyer’s market $92 /sq ftMena 71953Buyer’s market $127 /sq ftVandervoort 71972Seller’s market $176 /sq ft Browse all markets →

Towns like Cove nearby

Find towns like Cove in other states →
Howe, OK74940 · 39 miles away75% similarpricier homes ($29K more) · younger residents Horatio, AR71842 · 34 miles away74% similarpricier homes ($74K more) · more single-family homes Lockesburg, AR71846 · 37 miles away70% similaryounger residents Heavener, OK74937 · 31 miles away67% similarlarger · 8 min shorter commute

Where Cove is

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Questions about Cove real estate

Is Cove a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Cove, AR 71937 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 Cove?

The typical home went under contract in 76 days in the latest three months.

Do homes in Cove sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Cove?

About 0.41% of a home’s value a year in Polk County, or roughly $1,640 on a $400,000 home.

What is the median home price in Cove?

The median sale price was $174,924 in the three months ending August 31, 2026, about $83 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