The housing market in West Memphis continues to see strong price appreciation, with values up 20.8% compared to last year. The median home price of $160,000 represents a substantial 20.8% increase from this time last year. With 2.7 months of supply, West Memphis's inventory levels remain relatively tight. Properties are selling within just 19 days on average, much faster than the historical norm of 42 days. A significant 24.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the West Memphis market with the affordability index at 32.0. Based on current market indicators, home prices in West Memphis are projected to decrease by approximately 3.9% over the next month.