Is Tontitown Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tontitown Township has remained a Seller's Market.
Key Takeaway
Tontitown Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tontitown Township, AR
How much do homes in Tontitown Township, AR cost?
Median Sold Price
$469,950
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tontitown Township have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Tontitown Township was $469,950 in April 2024, down 2.8% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $285K | +58.3% |
| 3 Bedrooms | $393K | $351.5K | -10.6% |
| 4 Bedrooms | $483.5K | $495K | +2.4% |
| 5+ Bedrooms | $495K | $515K | +4.0% |
Summary: Tontitown Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.3%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $650K | $637.5K | -1.9% |
| Elm Springs Township | $635K | $621.5K | -2.1% |
| Tontitown | $485K | $472.5K | -2.6% |
| Tontitown Township | $483.5K | $469.9K | -2.8% |
Housing Supply in Tontitown Township, AR
How many homes are available in Tontitown Township, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The Tontitown Township real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Tontitown Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tontitown Township, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Tontitown Township in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for Tontitown Township, AR
How long does it take to sell a home in Tontitown Township, AR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 53 Days | -4.2% |
Summary: Homes in Tontitown Township had an average of 53 days on market in Apr 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tontitown Township has remained consistent over time.
Summary: During April 2024, 11 homes were sold in Tontitown Township; 0% of homes were sold within 30 days, 91% of homes were sold within 30 to 90 days, and 9% 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.