Is Hot Springs Village, 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 Village has remained a Seller's Market.
Key Takeaway
Hot Springs Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hot Springs Village, AR
How much do homes in Hot Springs Village, AR cost?
Median Sold Price
$376,250
$172/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Hot Springs Village have sold for 17.3% more than they did a month ago.
Summary: The median home sold price in Hot Springs Village was $376,250 in June 2024, up 17.3% from last month, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $196K | $160K | -18.4% |
| 3 Bedrooms | $329K | $406.5K | +23.6% |
| 4 Bedrooms | $575K | $619K | +7.7% |
| 5+ Bedrooms | - | $480K | N/A |
Summary: Hot Springs Village housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hot Springs Village | $320.8K | $376.2K | +17.3% |
| Marble Township | $392.2K | $457.5K | +16.6% |
| Whittington Township | $325K | $339.2K | +4.4% |
Housing Supply in Hot Springs Village, AR
How many homes are available in Hot Springs Village, AR?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 245 | 252 | +2.9% |
Summary: The Hot Springs Village real estate market had 252 homes for sale in June 2024, a 2.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 51 | 47 | -7.8% |
| 3 Bedrooms | 162 | 173 | +6.8% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Hot Springs Village housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 54 | 45 | -16.7% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs Village, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Hot Springs Village in June 2024, down by 16.7% month-over-month. Of the 44 sold homes, 57% were sold under asking, 34% were sold at asking, and 9% were sold over asking.
Days on Market for Hot Springs Village, 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.