Is Hot Spring County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hot Spring County was a Buyer's Market.
Key Takeaway
Hot Spring County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hot Spring County, AR
How much do homes in Hot Spring County, AR cost?
Median Sold Price
$195,000
$90/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Hot Spring County have sold for 8.6% more than they did a month ago.
Summary: The median home sold price in Hot Spring County was $195,000 in March 2024, up 8.6% from last month, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $30K | N/A |
| 2 Bedrooms | $65.7K | $90K | +36.9% |
| 3 Bedrooms | $179.5K | $195K | +8.6% |
| 4 Bedrooms | $269.9K | $294.7K | +9.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hot Spring County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Saline County | $226.5K | $254.9K | +12.5% |
| Hot Spring County | $179.5K | $195K | +8.6% |
| Garland County | $280K | $289.5K | +3.4% |
| Clark County | $150K | $133.2K | -11.2% |
| Grant County | $244K | $189.5K | -22.3% |
Housing Supply in Hot Spring County, AR
How many homes are available in Hot Spring County, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 76 | +31.0% |
Summary: The Hot Spring County real estate market had 76 homes for sale in March 2024, a 31.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 37 | 49 | +32.4% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hot Spring County 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 10%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 19 | +137.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Spring County, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Hot Spring County in March 2024, up by 137.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.
Days on Market for Hot Spring County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.