Is Cave Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cave Springs was a Neutral Market.
Housing Prices in Cave Springs, AR
How much do homes in Cave Springs, AR cost?
Median Sold Price
$550,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cave Springs was $550,000 in March 2024, up 6.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $275K | $627.5K | +128.2% |
3 Bedrooms | $355K | $382.4K | +7.7% |
4 Bedrooms | $531.7K | $562.5K | +5.8% |
5+ Bedrooms | $674.5K | $708.9K | +5.1% |
Summary: Cave Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 128.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Lowell | $309.5K | $346.9K | +12.1% |
Bentonville | $430.2K | $473K | +10.0% |
Cave Springs | $516.6K | $550K | +6.5% |
Rogers | $389.4K | $373.4K | -4.1% |
Housing Supply in Cave Springs, AR
How many homes are available in Cave Springs, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 41 | -6.8% |
Summary: The Cave Springs real estate market had 41 homes for sale in March 2024, a 6.8% 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 | 7 | 9 | +28.6% |
4 Bedrooms | 29 | 24 | -17.2% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Cave Springs 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 28.6%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Cave Springs in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 25% were sold under asking, 58% were sold at asking, and 17% were sold over asking.
Days on Market for Cave Springs, AR
How long does it take to sell a home in Cave Springs, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 79 Days | +13.2% |
Summary: Homes in Cave Springs had an average of 79 days on market in Mar 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Cave Springs; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.