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MELBOURNE, AR 72556

Real Estate Market Report  ·  Izard County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MELBOURNE, AR real estate market (72556) currently shows 41 active listings, with 9 pending sales. Homes are averaging 102 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 102 days on market compared to 122 days last year.

The median listing price has risen 41.5% year-over-year, from $189,900 to $268,725.

Whether you are buying or selling in MELBOURNE, AR, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,964  ·  Density: 9.5/mi²  ·  Median household income: $51,607

Typical home value: $133,533  ·  Homeownership: 65.5%

Market Overview

Active Listings
41
⇧ 36.7% vs 30 last year
Pending
9
22% pending ratio
Median Price
$268,725
⇧ 41.5% vs $189,900 last year
Average Price
$330,185
⇩ 11.7% vs $373,809 last year
Days on Market
102
⇩ 16.4% vs 122 days last year

Price Per Square Foot

Median $/sqft
$141
⇧ 1.4% vs $139/sqft last year
Median Home Size
1,494 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 30 last year
  • Days on market: 102 now vs 122 last year

Median & Average Pricing

Year over Year
  • Median: $268,725 (+41.5% YoY)
  • Average: $330,185 (-11.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.0 miles — 225 listings ($75,456,435 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
72556Melbourne, AR 725560.0 mi46$14,492,990$246,875$315,065
72517Brockwell, AR 725178.4 mi1$179,900$179,900$179,900
72561Mount Pleasant, AR 7256110.0 mi11$3,130,655$199,900$284,605
72585Wideman, AR 7258511.1 mi1$209,900$209,900$209,900
72565Oxford, AR 7256513.7 mi4$869,800$159,950$217,450
72519Calico Rock, AR 7251913.9 mi26$9,478,716$286,225$364,566
72560Mountain View, AR 7256014.5 mi109$41,427,412$329,950$380,068
72526Cushman, AR 7252614.8 mi1$129,900$129,900$129,900
72528Dolph, AR 7252817.1 mi1$265,000$265,000$265,000
72555Marcella, AR 7255518.0 mi2$280,000$140,000$140,000
72663Onia, AR 7266321.8 mi1$158,000$158,000$158,000
72513Ash Flat, AR 7251322.5 mi19$3,878,413$200,550$204,127
72680Timbo, AR 7268023.0 mi3$955,749$310,750$318,583

Frequently Asked Questions

How many homes are for sale in MELBOURNE, AR 72556?

As of March 2026, there are 41 active listings in MELBOURNE, AR (zip code 72556), compared to 30 the prior year.

What is the median home price in MELBOURNE, AR 72556?

The median listing price in MELBOURNE, AR 72556 is $268,725 as of March 2026, a 41.5% increase from $189,900 the prior year.

How long do homes stay on the market in MELBOURNE, AR?

Homes in MELBOURNE, AR 72556 spend an average of 102 days on the market before going under contract, compared to 122 days the prior year.

Is it a seller's or buyer's market in MELBOURNE, AR 72556?

Based on current inventory and days-on-market data as of March 2026, MELBOURNE, AR 72556 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 102 days on market compared to 122 days last year.

How much can I save on real estate commission in MELBOURNE, AR?

With SELL123.com's maximum 3% commission, sellers in MELBOURNE, AR 72556 save an estimated $5,375 compared to a typical 5% commission on the median listing price of $268,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.