Is Siloam 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, Siloam Springs has remained a Seller's Market.
Housing Prices in Siloam Springs, AR
How much do homes in Siloam Springs, AR cost?
Median Sold Price
$258,839
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Siloam Springs was $258,839 in April 2024, up 9% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.2K | $386.2K | +381.3% |
2 Bedrooms | $161.4K | $188K | +16.5% |
3 Bedrooms | $229K | $239.3K | +4.5% |
4 Bedrooms | $307.4K | $327.5K | +6.5% |
5+ Bedrooms | $312.9K | $517K | +65.2% |
Summary: Siloam Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 381.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 65.2%.
Housing Supply in Siloam Springs, AR
How many homes are available in Siloam Springs, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 139 | -3.5% |
Summary: The Siloam Springs real estate market had 139 homes for sale in April 2024, a 3.5% decrease 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 | 7 | 9 | +28.6% |
3 Bedrooms | 79 | 66 | -16.5% |
4 Bedrooms | 47 | 53 | +12.8% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Siloam Springs 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 increased by 28.6%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 32 | +3.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Siloam Springs in April 2024, up by 3.2% month-over-month. Of the 32 sold homes, 44% were sold under asking, 41% were sold at asking, and 16% were sold over asking.
Days on Market for Siloam Springs, AR
How long does it take to sell a home in Siloam Springs, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 104 Days | +39.3% |
Summary: Homes in Siloam Springs had an average of 104 days on market in Apr 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Siloam Springs; 13% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.