Is Mammoth Spring, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mammoth Spring is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Mammoth Spring was a Buyer's Market.

Key Takeaway

Mammoth Spring is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mammoth Spring, AR

How much do homes in Mammoth Spring, AR cost?

Median Sold Price

$121,500

$72/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$28,500(-19.0%)

Key Takeaway

Homes in Mammoth Spring have sold for 19% less than they did a year ago.

Summary: The median home sold price in Mammoth Spring was $121,500 in March 2024, down 19% from last year, and the median price per square foot was $72.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $98K-
N/A
2 $89K$72.2K
-18.8%
3 $151.5K$180K
+18.8%
4 $210K$120K
-42.9%
5+ -$129K
N/A

Summary: Mammoth Spring housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Thayer
+58.9%
Thayer Township
+45.9%
Mammoth Spring
-19.0%
Mammoth Spring Township
-19.0%

Housing Supply in Mammoth Spring, AR

How many homes are available in Mammoth Spring, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2325+8.7%

Summary: The Mammoth Spring real estate market had 25 homes for sale in March 2024, a 8.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 910
+11.1%
4 77
0.0%
5+ 11
0.0%

Summary: The Mammoth Spring 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 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were 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 Mammoth Spring, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mammoth Spring in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mammoth Spring, AR

How long does it take to sell a home in Mammoth Spring, AR?

Average Sale Time

Mar 2023Mar 2024CHANGE
35 Days85 Days+142.9%

Summary: Homes in Mammoth Spring had an average of 85 days on market in Mar 2024, up by 142.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mammoth Spring has remained consistent over time.

Summary: During March 2024, 4 homes were sold in Mammoth Spring; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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