Is Gum Springs Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Gum Springs Township was a Buyer's Market.
Housing Prices in Gum Springs Township, AR
How much do homes in Gum Springs Township, AR cost?
Median Sold Price
$225,000
$140/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Gum Springs Township was $225,000 in May 2024, up 15.4% from last month, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $195K | $212.5K | +9.0% |
4 Bedrooms | - | $237.5K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Gum Springs Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Higginson Township | $159.9K | $210K | +31.3% |
Higginson | $159.9K | $210K | +31.3% |
Gum Springs Township | $195K | $225K | +15.4% |
Gray Township | $177.5K | $191K | +7.6% |
Searcy | $181.5K | $195K | +7.4% |
Housing Supply in Gum Springs Township, AR
How many homes are available in Gum Springs Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Summary: The Gum Springs Township real estate market had 21 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Gum Springs Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Gum Springs Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Gum Springs Township, AR
We’re sorry, we don't have information for this market at the moment