Is Hot Springs, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hot Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Hot Springs has remained a Buyer's Market.

Key Takeaway

Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Hot Springs, AR cost?

Median Sold Price

$175,000

$115/sqft

Based on all homes sold in September 2022.

Difference Since Last Month

-$115,000(-39.7%)

Key Takeaway

Homes in Hot Springs have sold for 39.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSAug 2022Sep 2022%
1 --
N/A
2 $290K-
N/A
3 -$175K
N/A
4 --
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Hot Springs
-39.7%
Hot Springs Township
-39.7%

How many homes are available in Hot Springs, AR?

Number of Homes For Sale

Aug 2022Sep 2022%
107154+43.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 12
+100.0%
2 3349
+48.5%
3 4669
+50.0%
4 2027
+35.0%
5+ 77
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hot Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Aug 2022Sep 2022%
36 Days22 Days-38.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hot Springs are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hot Springs, AR

Hot Springs, AR has 154 homes for sale to choose from. The number of homes for sale in Hot Springs, AR increased by 43.9% between August 2022 and September 2022. Listings spent 22 days on the market in September 2022, and had a median list price of $175,000 during the same period. This housing market listing prices have changed between September 2021 and September 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, the cost of 3 bedrooms properties went up by 0%, the cost of 4 bedrooms properties went up by 0%, the cost of 5 bedrooms properties went up by 0%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 100%, the quantity of 2 bedrooms homes went up by 48.5%, 3 bedrooms homes became 50% more available, 4 bedrooms homes became 35% more available, number of 5 bedrooms homes remained the same. In September 2022 more than 0 listings in Hot Springs, AR were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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