Is Otter 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, Otter Township has remained a Seller's Market.
Housing Prices in Otter Township, AR
How much do homes in Otter Township, AR cost?
Median Sold Price
$191,000
$136/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Otter Township was $191,000 in March 2024, up 24% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $153K | $187K | +22.2% |
4 Bedrooms | $227K | $195K | -14.1% |
5+ Bedrooms | - | - | N/A |
Summary: Otter Township 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 did not change, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Otter Township | $154K | $191K | +24.0% |
Shannon Hills | $173K | $195K | +12.7% |
Alexander | $212.5K | $227.5K | +7.1% |
Hurricane Township | $306.2K | $290K | -5.3% |
Mabelvale | $247.5K | $192.4K | -22.2% |
Housing Supply in Otter Township, AR
How many homes are available in Otter Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Otter Township real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Otter Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Otter Township in March 2024, down by 12.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Otter Township, AR
We’re sorry, we don't have information for this market at the moment