Is Hot Spring County, 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, Hot Spring County has remained a Seller's Market.
Key Takeaway
Hot Spring County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hot Spring County, AR
How much do homes in Hot Spring County, AR cost?
Median Sold Price
$149,750
$107/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Hot Spring County have sold for 23.2% less than they did a month ago.
Summary: The median home sold price in Hot Spring County was $149,750 in April 2024, down 23.2% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | - | N/A |
| 2 Bedrooms | $90K | $117K | +30.0% |
| 3 Bedrooms | $195K | $160K | -17.9% |
| 4 Bedrooms | $294.7K | $305K | +3.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hot Spring County 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 increased by 30%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Clark County | $136.5K | $165.9K | +21.6% |
| Grant County | $189.5K | $219.9K | +16.1% |
| Saline County | $249K | $255.1K | +2.5% |
| Garland County | $288.5K | $285.5K | -1.0% |
| Hot Spring County | $195K | $149.7K | -23.2% |
Housing Supply in Hot Spring County, AR
How many homes are available in Hot Spring County, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 77 | -2.5% |
Summary: The Hot Spring County real estate market had 77 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 49 | 46 | -6.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hot Spring County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Spring County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Hot Spring County in April 2024, the same as the previous month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Hot Spring County, 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.