Is Banner Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Banner Township has remained a Seller's Market.
Key Takeaway
Banner Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banner Township, AR
How much do homes in Banner Township, AR cost?
Median Sold Price
$302,500
$150/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Banner Township have sold for 8.3% less than they did a month ago.
Summary: The median home sold price in Banner Township was $302,500 in April 2024, down 8.3% from last month, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $295K | $245K | -16.9% |
| 4 Bedrooms | $525K | $410K | -21.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Banner Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otter Township | $178K | $279K | +56.7% |
| Big Rock Township | $237K | $255.5K | +7.8% |
| Mabelvale | $182.4K | $186.5K | +2.2% |
| Hensley | $295K | $289.9K | -1.7% |
| Banner Township | $330K | $302.5K | -8.3% |
Housing Supply in Banner Township, AR
How many homes are available in Banner Township, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Banner Township real estate market had 14 homes for sale in April 2024, a 12.5% 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 | 11 | 9 | -18.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Banner 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Banner Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Banner Township in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Banner Township, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.