Is Elm Springs 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, Elm Springs Township was a Seller's Market.
Key Takeaway
Elm Springs Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elm Springs Township, AR
How much do homes in Elm Springs Township, AR cost?
Median Sold Price
$640,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Elm Springs Township have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Elm Springs Township was $640,000 in March 2024, up 6.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $211K | $160K | -24.2% |
| 3 Bedrooms | $307.5K | $470K | +52.8% |
| 4 Bedrooms | $652.5K | $647.5K | -0.8% |
| 5+ Bedrooms | $699.9K | $749.5K | +7.1% |
Summary: Elm Springs Township 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 decreased by 24.2%, 3 bedroom homes increased by 52.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Springdale | $291.2K | $320K | +9.9% |
| Elm Springs Township | $600K | $640K | +6.7% |
| Elm Springs | $635K | $647.5K | +2.0% |
| Tontitown | $487K | $460K | -5.5% |
| Tontitown Township | $485K | $447K | -7.8% |
Housing Supply in Elm Springs Township, AR
How many homes are available in Elm Springs Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Elm Springs Township real estate market had 15 homes for sale in March 2024, a 15.4% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Elm Springs 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 remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elm Springs Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elm Springs Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elm Springs Township, AR
How long does it take to sell a home in Elm Springs Township, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 143 Days | 61 Days | -57.1% |
Summary: Homes in Elm Springs Township had an average of 61 days on market in Mar 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elm Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Elm Springs Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.