Is Elkins, 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, Elkins has remained a Seller's Market.
Housing Prices in Elkins, AR
How much do homes in Elkins, AR cost?
Median Sold Price
$266,250
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elkins was $266,250 in April 2024, up 6.5% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | - | N/A |
2 Bedrooms | $195K | $205K | +5.1% |
3 Bedrooms | $248K | $259.9K | +4.8% |
4 Bedrooms | $268.5K | $307.2K | +14.4% |
5+ Bedrooms | - | $334K | N/A |
Summary: Elkins housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Elkins | $250K | $266.2K | +6.5% |
Elkins Township | $250K | $266.2K | +6.5% |
Fayetteville Township | $357.1K | $372.2K | +4.2% |
Fayetteville | $357.4K | $372K | +4.1% |
Housing Supply in Elkins, AR
How many homes are available in Elkins, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Summary: The Elkins real estate market had 22 homes for sale in April 2024, a 4.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Elkins 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
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 Elkins in April 2024, down by 20.0% 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 Elkins, AR
How long does it take to sell a home in Elkins, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 98 Days | +63.2% |
Summary: Homes in Elkins had an average of 98 days on market in Apr 2024, up by 63.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Elkins; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.