Is Elkins, AR 72727 a buyer’s or seller’s market?
Elkins is a seller’s market. With about 3.5 months of supply and 16% 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.
More competitive than 35% of U.S. ZIP codes, and #32 of 132 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Elkins housing market right now
In the three months ending August 31, 2026, 16% of homes in Elkins, AR 72727 sold above their list price, the typical home went under contract in 59 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 33 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (16% then), homes sold more slowly (56 days then) and the median sale price rose 7% to $279,329. Overall, Elkins is about as competitive as it was a year ago.
Within Madison County, homes here sell more often over asking than in 75% of the county’s ZIP codes. On our competition score, Elkins ranks #32 of 132 AR ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Wesley 72773 (0% sold over asking) or Kingston 72742 (0% sold over asking).
Run the numbers for 72727
Nearby markets
Combs 72721 — /sq ftHindsville 72738Buyer’s market $211 /sq ftHuntsville 72740Buyer’s market $198 /sq ftKingston 72742Buyer’s market $415 /sq ft Browse all markets →Towns like Elkins nearby
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Questions about Elkins real estate
Is Elkins a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Elkins, AR 72727 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 Elkins?
The typical home went under contract in 59 days in the latest three months.
Do homes in Elkins sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Elkins?
About 0.41% of a home’s value a year in Madison County, or roughly $1,640 on a $400,000 home.
What is the median home price in Elkins?
The median sale price was $279,329 in the three months ending August 31, 2026, about $189 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