Is Hot Springs National Park, 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, Hot Springs National Park was a Seller's Market.
Key Takeaway
Hot Springs National Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hot Springs National Park, AR
How much do homes in Hot Springs National Park, AR cost?
Median Sold Price
$261,500
$144/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Hot Springs National Park have sold for 7.4% less than they did a month ago.
Summary: The median home sold price in Hot Springs National Park was $261,500 in May 2024, down 7.4% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $240K | +29.7% |
| 2 Bedrooms | $204K | $128K | -37.3% |
| 3 Bedrooms | $282.5K | $258.7K | -8.4% |
| 4 Bedrooms | $483.5K | $415K | -14.2% |
| 5+ Bedrooms | $669K | $1.1M | +73.8% |
Summary: Hot Springs National Park housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes decreased by 37.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes increased by 73.8%.
Median Sold Price Compared To Nearby Cities
| Lake Hamilton Township | $344.7K | $397K | +15.2% |
| Whittington Township | $339K | $345K | +1.8% |
| Hot Springs National Park | $282.5K | $261.5K | -7.4% |
| Hot Springs | $236.5K | $160K | -32.3% |
| Hot Springs Township | $265K | $174K | -34.3% |
Housing Supply in Hot Springs National Park, AR
How many homes are available in Hot Springs National Park, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 545 | 592 | +8.6% |
Summary: The Hot Springs National Park real estate market had 592 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 16 | -11.1% |
| 2 Bedrooms | 145 | 166 | +14.5% |
| 3 Bedrooms | 240 | 256 | +6.7% |
| 4 Bedrooms | 99 | 100 | +1.0% |
| 5+ Bedrooms | 43 | 54 | +25.6% |
Summary: The Hot Springs National Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 88 | -7.4% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs National Park, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 88 homes were sold or pending in Hot Springs National Park in May 2024, down by 7.4% month-over-month. Of the 84 sold homes, 61% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Hot Springs National Park, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.