Is Mulberry, AR 72947 a buyer’s or seller’s market?
Mulberry is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Mulberry housing market right now
In the three months ending August 31, 2026, 0% of homes in Mulberry, AR 72947 sold above their list price, the typical home went under contract in 42 days and there were 4.3 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. With only 6 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 10%, homes sold more slowly (19 days then) and the median sale price rose 22% to $142,438. Overall, Mulberry is less competitive than a year ago, which gives buyers more room.
Within Franklin 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, Charleston 72933 (22% sold over asking) and Altus 72821 (13% sold over asking) are even more competitive.
Run the numbers for 72947
Nearby markets
Altus 72821Seller’s market $97 /sq ftBranch 72928Buyer’s market $45 /sq ftCharleston 72933Balanced $128 /sq ftOzark 72949Balanced $122 /sq ft Browse all markets →Towns like Mulberry nearby
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Questions about Mulberry real estate
Is Mulberry a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Mulberry, AR 72947 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 Mulberry?
The typical home went under contract in 42 days in the latest three months.
Do homes in Mulberry sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.0% of the list price.
What are property taxes in Mulberry?
About 0.49% of a home’s value a year in Franklin County, or roughly $1,960 on a $400,000 home.
What is the median home price in Mulberry?
The median sale price was $142,438 in the three months ending August 31, 2026, about $113 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