Is Eureka 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, Eureka Springs was a Seller's Market.
Housing Prices in Eureka Springs, AR
How much do homes in Eureka Springs, AR cost?
Median Sold Price
$289,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Eureka Springs was $289,000 in March 2024, up 3.2% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $170K | -17.1% |
2 Bedrooms | $215K | $231.2K | +7.6% |
3 Bedrooms | $325K | $290K | -10.8% |
4 Bedrooms | $339.5K | $412.4K | +21.5% |
5+ Bedrooms | $867.5K | $735K | -15.3% |
Summary: Eureka Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
Cedar Township | $325.1K | $340K | +4.6% |
Eureka Springs | $280K | $289K | +3.2% |
Housing Supply in Eureka Springs, AR
How many homes are available in Eureka Springs, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 107 | +25.9% |
Summary: The Eureka Springs real estate market had 107 homes for sale in March 2024, a 25.9% 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 | 21 | 29 | +38.1% |
3 Bedrooms | 30 | 38 | +26.7% |
4 Bedrooms | 19 | 26 | +36.8% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Eureka 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 increased by 38.1%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Eureka Springs in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Eureka Springs, AR
How long does it take to sell a home in Eureka Springs, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
123 Days | 87 Days | -29.1% |
Summary: Homes in Eureka Springs had an average of 87 days on market in Mar 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Eureka Springs; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.