Is Springdale, 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, Springdale has remained a Seller's Market.
Housing Prices in Springdale, AR
How much do homes in Springdale, AR cost?
Median Sold Price
$322,375
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Springdale was $322,375 in April 2024, up 11.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $95K | -36.6% |
2 Bedrooms | $180.4K | $199.5K | +10.6% |
3 Bedrooms | $275K | $296.6K | +7.9% |
4 Bedrooms | $382.5K | $405.5K | +6.0% |
5+ Bedrooms | $550K | $725K | +31.8% |
Summary: Springdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 31.8%.
Median Sold Price Compared To Nearby Cities
Bethel Heights | $310K | $360K | +16.1% |
Springdale Township | $285K | $321.3K | +12.8% |
Springdale | $290K | $322.3K | +11.2% |
Elm Springs | $650K | $637.5K | -1.9% |
Housing Supply in Springdale, AR
How many homes are available in Springdale, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
262 | 254 | -3.1% |
Summary: The Springdale real estate market had 254 homes for sale in April 2024, a 3.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 144 | 137 | -4.9% |
4 Bedrooms | 95 | 89 | -6.3% |
5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Springdale 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 increased by 37.5%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 74 | -15.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Springdale in April 2024, down by 15.9% month-over-month. Of the 74 sold homes, 41% were sold under asking, 43% were sold at asking, and 16% were sold over asking.
Days on Market for Springdale, AR
How long does it take to sell a home in Springdale, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 90 Days | +13.5% |
Summary: Homes in Springdale had an average of 90 days on market in Apr 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 74 homes were sold in Springdale; 24% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.