Is Mammoth Spring, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mammoth Spring is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mammoth Spring was a Neutral Market.

Key Takeaway

Mammoth Spring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mammoth Spring, AR

How much do homes in Mammoth Spring, AR cost?

Median Sold Price

$128,000

$70/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$42,000(+48.8%)

Key Takeaway

Homes in Mammoth Spring have sold for 48.8% more than they did a month ago.

Summary: The median home sold price in Mammoth Spring was $128,000 in April 2024, up 48.8% from last month, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $49K$128K
+161.2%
3 $158.5K$55K
-65.3%
4 $55K-
N/A
5+ --
N/A

Summary: Mammoth Spring housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 161.2%, 3 bedroom homes decreased by 65.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mammoth Spring
+48.8%
Mammoth Spring Township
+48.8%
Thayer
-43.2%
Thayer Township
-43.2%

Housing Supply in Mammoth Spring, AR

How many homes are available in Mammoth Spring, AR?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2422-8.3%

Summary: The Mammoth Spring real estate market had 22 homes for sale in April 2024, a 8.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 99
0.0%
4 76
-14.3%
5+ 11
0.0%

Summary: The Mammoth Spring housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mammoth Spring, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Mammoth Spring in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Mammoth Spring, AR

How long does it take to sell a home in Mammoth Spring, AR?

Average Sale Time

Mar 2024Apr 2024CHANGE
85 Days12 Days-85.9%

Summary: Homes in Mammoth Spring had an average of 12 days on market in Apr 2024, down by 85.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mammoth Spring are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Mammoth Spring; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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