Is Cave Springs, 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, Cave Springs has remained a Seller's Market.
Housing Prices in Cave Springs, AR
How much do homes in Cave Springs, AR cost?
Median Sold Price
$551,250
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cave Springs was $551,250 in April 2024, up 6.1% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $297K | $627.5K | +111.3% |
3 Bedrooms | $355K | $380.5K | +7.2% |
4 Bedrooms | $532K | $568K | +6.8% |
5+ Bedrooms | $675K | $736.8K | +9.2% |
Summary: Cave Springs 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 111.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Bentonville | $426.1K | $479.2K | +12.4% |
Lowell | $312.3K | $344K | +10.1% |
Cave Springs | $519.3K | $551.2K | +6.1% |
Rogers | $384.5K | $374.2K | -2.7% |
Housing Supply in Cave Springs, AR
How many homes are available in Cave Springs, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Summary: The Cave Springs real estate market had 38 homes for sale in April 2024, a 5.0% 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 | 1 | +100.0% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Cave Springs 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Cave Springs in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Cave Springs, AR
How long does it take to sell a home in Cave Springs, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 67 Days | -5.6% |
Summary: Homes in Cave Springs had an average of 67 days on market in Apr 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Cave Springs; 10% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.