Is Elm Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elm Springs has remained a Seller's Market.
Housing Prices in Elm Springs, AR
How much do homes in Elm Springs, AR cost?
Median Sold Price
$637,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elm Springs was $637,500 in April 2024, down 1.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $211K | $152.5K | -27.7% |
3 Bedrooms | $337.5K | $375.5K | +11.3% |
4 Bedrooms | $652.5K | $640K | -1.9% |
5+ Bedrooms | $699.9K | $749K | +7.0% |
Summary: Elm Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
Springdale Township | $285K | $321.3K | +12.8% |
Springdale | $290K | $322.3K | +11.2% |
Elm Springs | $650K | $637.5K | -1.9% |
Elm Springs Township | $635K | $621.5K | -2.1% |
Housing Supply in Elm Springs, AR
How many homes are available in Elm Springs, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Summary: The Elm Springs real estate market had 15 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Elm Springs 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Elm Springs in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Elm Springs, AR
How long does it take to sell a home in Elm Springs, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
135 Days | 13 Days | -89.9% |
Summary: Homes in Elm Springs had an average of 13 days on market in Apr 2024, down by 89.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Elm Springs; 100% 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.