Is Salem Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Salem Township was a Neutral Market.
Housing Prices in Salem Township, AR
How much do homes in Salem Township, AR cost?
Median Sold Price
$234,500
$143/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Salem Township was $234,500 in March 2024, up 6.6% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $224.2K | $232K | +3.5% |
4 Bedrooms | $196.6K | $382.5K | +94.6% |
5+ Bedrooms | - | - | N/A |
Summary: Salem 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 3.5%, 4 bedroom homes increased by 94.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bauxite Township | $199.9K | $225K | +12.6% |
Salem Township | $220K | $234.5K | +6.6% |
Beaver Township | $524K | $435K | -17.0% |
Owen Township | $340K | $270K | -20.6% |
Housing Supply in Salem Township, AR
How many homes are available in Salem Township, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 60 | +36.4% |
Summary: The Salem Township real estate market had 60 homes for sale in March 2024, a 36.4% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 22 | 25 | +13.6% |
4 Bedrooms | 15 | 23 | +53.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Salem 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 increased by 100%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Salem Township in March 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Salem Township, AR
We’re sorry, we don't have information for this market at the moment