Is Salem Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Salem Township has remained a Seller's Market.
Housing Prices in Salem Township, AR
How much do homes in Salem Township, AR cost?
Median Sold Price
$287,500
$151/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Salem Township was $287,500 in May 2024, up 25.6% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $156K | $106.2K | -31.9% |
3 Bedrooms | $207.5K | $210K | +1.2% |
4 Bedrooms | $286K | $439.6K | +53.7% |
5+ Bedrooms | $649K | $450K | -30.7% |
Summary: Salem 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 decreased by 31.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 53.7%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Cities
Salem Township | $228.9K | $287.5K | +25.6% |
Bauxite Township | $225K | $245K | +8.9% |
Owen Township | $324.9K | $339K | +4.3% |
Benton | $255K | $265K | +3.9% |
Beaver Township | $509.9K | $365K | -28.4% |
Housing Supply in Salem Township, AR
How many homes are available in Salem Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 63 | +10.5% |
Summary: The Salem Township real estate market had 63 homes for sale in May 2024, a 10.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 19 | 31 | +63.2% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Salem 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 decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Salem Township in May 2024, up by 26.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Salem Township, AR
We’re sorry, we don't have information for this market at the moment