Fort Smith, AR metro area Housing Market
Cold MarketComprehensive housing market data for the Fort Smith, AR metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$220K
↑ 9.8% YoY
Days on Market
72 days
↑ 53.2% YoY
Active Inventory
919
↑ 14.0% YoY
Homes Sold
198
↓ 11.6% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Fort Smith, AR metro area Market Summary
The Fort Smith, AR metro area housing market is cooling down. As of March 2026, the median home sale price is $220K, up 9.8% year-over-year. Homes are spending a median of 72 days on the market, 53.2% longer than a year ago.
There are 919 homes for sale — 14.0% more than last year. With 4.6 months of supply, this is a balanced market. 296 new listings were added during this period, down 6.3% year-over-year.
Homes are selling for 97.3% of their list price on average, suggesting room for negotiation. 15.2% of homes sell above their asking price. 28.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Arkansas Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 50% below the national median, which could indicate stronger cash flow potential.
Fort Smith, AR metro area Market Trends
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Detailed Market Metrics
Median List Price
$239K
Price per Sq Ft
$137
Sale-to-List Ratio
97.3%
Months of Supply
4.6
Sold Above List
15.2%
Price Drops
28.3%
New Listings
296
↓ 6.3% YoY
Pending Sales
267
Off Market in 2 Weeks
27.7%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.