Is Salem Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salem Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Salem Township was a Buyer's Market.

Key Takeaway

Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$10,100(-4.2%)

Key Takeaway

Homes in Salem Township have sold for 4.2% less than they did a month ago.

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

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$156K
N/A
3 $232K$207.5K
-10.6%
4 $449.4K$286K
-36.4%
5+ -$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
+21.3%
Beaver Township
+16.5%
Bauxite Township
-3.5%
Salem Township
-4.2%

Housing Supply in Salem Township, AR

How many homes are available in Salem Township, AR?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5859+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 2223
+4.5%
4 2423
-4.2%
5+ 88
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 2024Apr 2024CHANGE
717+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salem Township, you could pay more than the asking price. 40% of homes here sold above asking price last month.

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Salem Township, AR

Nearby Markets to Salem Township, AR

What housing markets are near Salem Township, AR?