Is Newhope, AR 71959 a buyer’s or seller’s market?
Newhope 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.
The Newhope housing market right now
In the three months ending August 31, 2026, 0% of homes in Newhope, AR 71959 sold above their list price, the typical home went under contract in 116 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 1 sale, these figures can swing a lot from month to month.
Within Pike County, homes here sell less often over asking than in any other ZIP code in the county.
Run the numbers for 71959
Nearby markets
Delight 71940Buyer’s market $64 /sq ftGlenwood 71943Buyer’s market $164 /sq ftKirby 71950Buyer’s market $817 /sq ftMurfreesboro 71958Buyer’s market $104 /sq ft Browse all markets →Where Newhope is
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Questions about Newhope real estate
Is Newhope a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Newhope, AR 71959 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 Newhope?
The typical home went under contract in 116 days in the latest three months.
Do homes in Newhope sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 105.0% of the list price.
What are property taxes in Newhope?
About 0.59% of a home’s value a year in Pike County, or roughly $2,360 on a $400,000 home.
What is the median home price in Newhope?
The median sale price was $146,836 in the three months ending August 31, 2026, about $101 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