Is Hot Springs National Park, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hot Springs National Park has remained a Buyer's Market.
Housing Prices in Hot Springs National Park, AR
How much do homes in Hot Springs National Park, AR cost?
Median Sold Price
$275,000
$160/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Hot Springs National Park was $275,000 in March 2024, up 8.9% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $136.2K | +289.3% |
2 Bedrooms | $175K | $223.5K | +27.7% |
3 Bedrooms | $240K | $258.5K | +7.7% |
4 Bedrooms | $360K | $499.9K | +38.9% |
5+ Bedrooms | - | $260K | N/A |
Summary: Hot Springs National Park housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 289.3%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Whittington Township | $290K | $349.5K | +20.5% |
Hot Springs Township | $212.5K | $235K | +10.6% |
Hot Springs National Park | $252.5K | $275K | +8.9% |
Hot Springs | $207K | $222.7K | +7.6% |
Lake Hamilton Township | $365K | $330K | -9.6% |
Housing Supply in Hot Springs National Park, AR
How many homes are available in Hot Springs National Park, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
451 | 523 | +16.0% |
Summary: The Hot Springs National Park real estate market had 523 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 23 | +53.3% |
2 Bedrooms | 121 | 141 | +16.5% |
3 Bedrooms | 186 | 217 | +16.7% |
4 Bedrooms | 93 | 100 | +7.5% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The Hot Springs National Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 72 | +12.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Hot Springs National Park in March 2024, up by 12.5% month-over-month. Of the 63 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.
Days on Market for Hot Springs National Park, AR
We’re sorry, we don't have information for this market at the moment