Is Locust Grove, AR 72550 a buyer’s or seller’s market?
Locust Grove is a seller’s market. With about 2.6 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 Locust Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Locust Grove, AR 72550 sold above their list price, the typical home went under contract in 15 days and there were 2.6 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 fell from 100%, homes sold faster (26 days then) and the median sale price rose 3% to $366,841. Overall, Locust Grove is less competitive than a year ago, which gives buyers more room.
Within Independence County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Batesville 72501 (13% sold over asking) is even more competitive.
Run the numbers for 72550
Nearby markets
Batesville 72501Balanced $116 /sq ftCharlotte 72522Seller’s market $161 /sq ftCord 72524 $158 /sq ftDesha 72527 — /sq ft Browse all markets →Where Locust Grove is
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Questions about Locust Grove real estate
Is Locust Grove a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Locust Grove, AR 72550 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 Locust Grove?
The typical home went under contract in 15 days in the latest three months.
Do homes in Locust Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Locust Grove?
About 0.53% of a home’s value a year in Independence County, or roughly $2,120 on a $400,000 home.
What is the median home price in Locust Grove?
The median sale price was $366,841 in the three months ending August 31, 2026, about $213 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