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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hot Springs Village is a 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

$298,750

$151/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$6,250(+2.1%)

Key Takeaway

Homes in Hot Springs Village have sold for 2.1% more than they did a month ago.

Summary: The median home sold price in Hot Springs Village was $298,750 in March 2024, up 2.1% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $190.7K$162K
-15.1%
3 $285K$312.5K
+9.6%
4 $575K$638.2K
+11.0%
5+ $749.9K-
N/A

Summary: Hot Springs Village 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 decreased by 15.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Whittington Township
+20.5%
Hot Springs Village
+2.1%
Marble Township
-15.3%
Fountain Lake
-33.3%

Housing Supply in Hot Springs Village, AR

How many homes are available in Hot Springs Village, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
223235+5.4%

Summary: The Hot Springs Village real estate market had 235 homes for sale in March 2024, a 5.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 3536
+2.9%
3 161169
+5.0%
4 1821
+16.7%
5+ 99
0.0%

Summary: The Hot Springs Village 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 2.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5146-9.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hot Springs Village, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Hot Springs Village in March 2024, down by 9.8% month-over-month. Of the 44 sold homes, 55% were sold under asking, 36% 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

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

Report Updated 24 Days Ago

Newest Listings in Hot Springs Village, AR

Nearby Markets to Hot Springs Village, AR

What housing markets are near Hot Springs Village, AR?