Is Springdale, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Springdale has remained a Seller's Market.
Housing Prices in Springdale, AR
How much do homes in Springdale, AR cost?
Median Sold Price
$320,034
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Springdale was $320,034 in March 2024, up 9.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | $95K | -36.6% |
2 Bedrooms | $176.2K | $198.7K | +12.8% |
3 Bedrooms | $275.3K | $295.7K | +7.4% |
4 Bedrooms | $382.5K | $405.2K | +5.9% |
5+ Bedrooms | $555K | $725K | +30.6% |
Summary: Springdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Cities
Bethel Heights | $306.5K | $375K | +22.3% |
Springdale Township | $285K | $319.9K | +12.3% |
Springdale | $291.2K | $320K | +9.9% |
Elm Springs | $635K | $647.5K | +2.0% |
Housing Supply in Springdale, AR
How many homes are available in Springdale, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
258 | 244 | -5.4% |
Summary: The Springdale real estate market had 244 homes for sale in March 2024, a 5.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 144 | 132 | -8.3% |
4 Bedrooms | 95 | 89 | -6.3% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Springdale 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 40%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 84 | +18.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Springdale in March 2024, up by 18.3% month-over-month. Of the 84 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.
Days on Market for Springdale, AR
How long does it take to sell a home in Springdale, AR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
68 Days | 78 Days | +15.4% |
Summary: Homes in Springdale had an average of 78 days on market in Mar 2024, up by 15.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During March 2024, 84 homes were sold in Springdale; 25% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.