Is Fort Smith, AR 72904 a buyer’s or seller’s market?

The Fort Smith housing market right now

In the three months ending August 31, 2026, 11% of homes in Fort Smith, AR 72904 sold above their list price, the typical home went under contract in 59 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (40 days then) and the median sale price rose 3% to $139,939. Overall, Fort Smith is less competitive than a year ago, which gives buyers more room.

Within Sebastian County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Fort Smith ranks #87 of 132 AR ZIP codes with enough sales (score 22 out of 100).

Nearby, buyers who want less competition could look at Midland 72945 (0% sold over asking) or Hartford 72938 (0% sold over asking), while Huntington 72940 (20% sold over asking) and Mansfield 72944 (20% sold over asking) are even more competitive.