Is Hot Springs Township, 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 Township has remained a Neutral Market.
Housing Prices in Hot Springs Township, AR
How much do homes in Hot Springs Township, AR cost?
Median Sold Price
$235,000
$166/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Hot Springs Township was $235,000 in March 2024, up 10.6% from last month, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $132.5K | +278.6% |
2 Bedrooms | $165K | $221.5K | +34.2% |
3 Bedrooms | $240K | $235K | -2.1% |
4 Bedrooms | $350K | $635K | +81.4% |
5+ Bedrooms | - | $260K | N/A |
Summary: Hot Springs Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 278.6%, 2 bedroom homes increased by 34.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 81.4%, 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 Township, AR
How many homes are available in Hot Springs Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
277 | 322 | +16.2% |
Summary: The Hot Springs Township real estate market had 322 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 88 | 105 | +19.3% |
3 Bedrooms | 110 | 127 | +15.5% |
4 Bedrooms | 45 | 47 | +4.4% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Hot Springs Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 50 | +25.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Hot Springs Township in March 2024, up by 25.0% month-over-month. Of the 42 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Hot Springs Township, AR
We’re sorry, we don't have information for this market at the moment