Is Springdale Township, 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 Township has remained a Seller's Market.
Key Takeaway
Springdale Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springdale Township, AR
How much do homes in Springdale Township, AR cost?
Median Sold Price
$319,983
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Springdale Township have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Springdale Township was $319,983 in March 2024, up 12.3% 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 | $147.4K | $95K | -35.6% |
| 2 Bedrooms | $178.7K | $198.7K | +11.2% |
| 3 Bedrooms | $270.5K | $295K | +9.1% |
| 4 Bedrooms | $369K | $406.5K | +10.1% |
| 5+ Bedrooms | $548.7K | $725K | +32.1% |
Summary: Springdale Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.6%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 32.1%.
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% |
Housing Supply in Springdale Township, AR
How many homes are available in Springdale Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 257 | 244 | -5.1% |
Summary: The Springdale Township real estate market had 244 homes for sale in March 2024, a 5.1% 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 | 94 | 89 | -5.3% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Springdale 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 40%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 70 | 84 | +20.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springdale Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 84 homes were sold or pending in Springdale Township in March 2024, up by 20.0% 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 Township, AR
How long does it take to sell a home in Springdale Township, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 78 Days | +16.4% |
Summary: Homes in Springdale Township had an average of 78 days on market in Mar 2024, up by 16.4% 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
Key Takeaway
Avg time on Rocket Homes in Springdale Township has remained consistent over time.
Summary: During March 2024, 84 homes were sold in Springdale Township; 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.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.