Is Siloam Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Siloam Springs has remained a Seller's Market.
Housing Prices in Siloam Springs, AR
How much do homes in Siloam Springs, AR cost?
Median Sold Price
$257,413
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Siloam Springs was $257,413 in June 2024, up 6.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $386.2K | +382.8% |
2 Bedrooms | $150K | $188K | +25.3% |
3 Bedrooms | $230K | $237.5K | +3.3% |
4 Bedrooms | $299.9K | $327.4K | +9.1% |
5+ Bedrooms | $450K | $505K | +12.2% |
Summary: Siloam Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 382.8%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in Siloam Springs, AR
How many homes are available in Siloam Springs, AR?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
192 | 175 | -8.9% |
Summary: The Siloam Springs real estate market had 175 homes for sale in June 2024, a 8.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 97 | 84 | -13.4% |
4 Bedrooms | 74 | 67 | -9.5% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Siloam Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 52 | +36.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Siloam Springs in June 2024, up by 36.8% month-over-month. Of the 52 sold homes, 23% were sold under asking, 62% were sold at asking, and 15% were sold over asking.
Days on Market for Siloam Springs, AR
How long does it take to sell a home in Siloam Springs, AR?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
81 Days | 90 Days | +11.0% |
Summary: Homes in Siloam Springs had an average of 90 days on market in Jun 2024, up by 11% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Siloam Springs; 17% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.