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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Siloam Springs is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Siloam Springs has remained a Seller's Market.

Key Takeaway

Siloam Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Siloam Springs, AR cost?

Median Sold Price

$220,166

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$22,666(+11.5%)

Key Takeaway

Homes in Siloam Springs have sold for 11.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$49K
N/A
2 $133K$150K
+12.8%
3 $190K$210K
+10.5%
4 $247.5K$285K
+15.2%
5+ $313.5K$367.8K
+17.3%

How many homes are available in Siloam Springs, AR?

Number of Homes For Sale

Aug 2022Sep 2022%
8375-9.6%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 1310
-23.1%
3 4346
+7.0%
4 2518
-28.0%
5+ 21
-50.0%

Number of Homes Sold

Aug 2022Sep 2022%
2826-7.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Siloam Springs, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
57 Days58 Days+1.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Siloam Springs has remained consistent over time.

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

About Siloam Springs, AR

Homes for sale in Siloam Springs, AR have reached 75. Between August 2022 and September 2022, Siloam Springs, AR real estate market has seen decrease in the number of listings by 9.6%. Listings spent 58 days on the market in September 2022, and had a median list price of $220,166 during the same period. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 12.8% more expensive, 3 bedrooms properties became 10.5% more expensive, 4 bedrooms properties became 15.2% more expensive, prices of 5 bedrooms properties increased by 17.3%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 23.1%, 3 bedrooms homes inventory increased by 7%, the quantity of 4 bedrooms homes went down by 28%, 5 bedrooms homes became 50% less available. Siloam Springs, AR housing market in September 2022 saw over 8 listings sold above listed price, more than 7 sold at listed price and over 11 sold below.