Is Banner 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, Banner Township has remained a Seller's Market.
Housing Prices in Banner Township, AR
How much do homes in Banner Township, AR cost?
Median Sold Price
$330,000
$168/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Banner Township was $330,000 in March 2024, up 48.5% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $250K | $295K | +18.0% |
4 Bedrooms | $232.5K | $525K | +125.8% |
5+ Bedrooms | $194K | - | N/A |
Summary: Banner Township housing prices by bedroom type for March 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 18%, 4 bedroom homes increased by 125.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Banner Township | $222.2K | $330K | +48.5% |
Hensley | $250K | $330K | +32.0% |
Otter Township | $154K | $191K | +24.0% |
Big Rock Township | $235K | $242.5K | +3.2% |
Mabelvale | $247.5K | $192.4K | -22.2% |
Housing Supply in Banner Township, AR
How many homes are available in Banner Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Banner Township real estate market had 16 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Banner Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Banner Township in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Banner Township, AR
We’re sorry, we don't have information for this market at the moment