Is Salem Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Salem Township was a Buyer's Market.
Housing Prices in Salem Township, AR
How much do homes in Salem Township, AR cost?
Median Sold Price
$228,900
$147/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Salem Township was $228,900 in April 2024, down 4.2% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $156K | N/A |
3 Bedrooms | $232K | $207.5K | -10.6% |
4 Bedrooms | $449.4K | $286K | -36.4% |
5+ Bedrooms | - | $649K | N/A |
Summary: Salem 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 10.6%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Owen Township | $268K | $324.9K | +21.3% |
Beaver Township | $437.5K | $509.9K | +16.5% |
Bauxite Township | $222.8K | $215K | -3.5% |
Salem Township | $239K | $228.9K | -4.2% |
Housing Supply in Salem Township, AR
How many homes are available in Salem Township, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 59 | +1.7% |
Summary: The Salem Township real estate market had 59 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Salem Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Salem Township in April 2024, up by 142.9% month-over-month. Of the 15 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for Salem Township, AR
We’re sorry, we don't have information for this market at the moment