Is Hot 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, Hot Springs Township was a Seller's Market.
Key Takeaway
Hot Springs Township 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 Township, AR
How much do homes in Hot Springs Township, AR cost?
Median Sold Price
$174,000
$118/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Hot Springs Township have sold for 34.3% less than they did a month ago.
Summary: The median home sold price in Hot Springs Township was $174,000 in May 2024, down 34.3% from last month, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $240K | +29.7% |
| 2 Bedrooms | $168K | $87.5K | -47.9% |
| 3 Bedrooms | $285K | $180K | -36.8% |
| 4 Bedrooms | $298K | $110K | -63.1% |
| 5+ Bedrooms | $258K | $362.5K | +40.5% |
Summary: Hot Springs Township 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 47.9%, 3 bedroom homes decreased by 36.8%, 4 bedroom homes decreased by 63.1%, and 5+ bedroom homes increased by 40.5%.
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 Township, AR
How many homes are available in Hot Springs Township, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 320 | 334 | +4.4% |
Summary: The Hot Springs Township real estate market had 334 homes for sale in May 2024, a 4.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 102 | 113 | +10.8% |
| 3 Bedrooms | 140 | 140 | 0.0% |
| 4 Bedrooms | 41 | 43 | +4.9% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Hot Springs Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 51 | -15.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs Township, you may be able to get a good deal. 62% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Hot Springs Township in May 2024, down by 15.0% month-over-month. Of the 50 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Hot Springs Township, 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.