Is Cedar Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cedar Township was a Seller's Market.
Key Takeaway
Cedar Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedar Township, AR
How much do homes in Cedar Township, AR cost?
Median Sold Price
$346,750
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedar Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Cedar Township was $346,750 in May 2024, up 10.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $142K | -30.7% |
| 2 Bedrooms | $247.5K | $311K | +25.7% |
| 3 Bedrooms | $321K | $345K | +7.5% |
| 4 Bedrooms | $427.5K | $470K | +9.9% |
| 5+ Bedrooms | $975K | $735K | -24.6% |
Summary: Cedar Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Beaver Township | $232.5K | $290K | +24.7% |
| Franklin Township | $252.5K | $289K | +14.5% |
| Cedar Township | $314.5K | $346.7K | +10.3% |
| Eureka Springs | $311K | $299.9K | -3.6% |
Housing Supply in Cedar Township, AR
How many homes are available in Cedar Township, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Summary: The Cedar Township real estate market had 62 homes for sale in May 2024, a 17.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 16 | 23 | +43.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cedar Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 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 Cedar Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cedar Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Cedar Township, AR
How long does it take to sell a home in Cedar Township, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 63 Days | -44.8% |
Summary: Homes in Cedar Township had an average of 63 days on market in May 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Township has remained consistent over time.
Summary: During May 2024, 9 homes were sold in Cedar Township; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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.
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.