Is Cedar Township, 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, Cedar Township was a Seller's Market.
Housing Prices in Cedar Township, AR
How much do homes in Cedar Township, AR cost?
Median Sold Price
$340,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cedar Township was $340,000 in March 2024, up 4.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $131K | -38.4% |
2 Bedrooms | $275K | $240.5K | -12.5% |
3 Bedrooms | $337.6K | $340K | +0.7% |
4 Bedrooms | $406.4K | $500K | +23.0% |
5+ Bedrooms | $725K | $800K | +10.3% |
Summary: Cedar Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.4%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
Beaver Township | $203.9K | $278K | +36.3% |
Cedar Township | $325.1K | $340K | +4.6% |
Eureka Springs | $280K | $289K | +3.2% |
Franklin Township | $247.5K | $249K | +0.6% |
Housing Supply in Cedar Township, AR
How many homes are available in Cedar Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 43 | +16.2% |
Summary: The Cedar Township real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Cedar 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 increased by 57.1%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cedar Township in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Township, AR
How long does it take to sell a home in Cedar Township, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 78 Days | -6.7% |
Summary: Homes in Cedar Township had an average of 78 days on market in Mar 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Cedar Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.