Is Lake Hamilton Township, 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, Lake Hamilton Township has remained a Neutral Market.
Key Takeaway
Lake Hamilton 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 Lake Hamilton Township, AR
How much do homes in Lake Hamilton Township, AR cost?
Median Sold Price
$397,000
$179/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Lake Hamilton Township have sold for 15.2% more than they did a month ago.
Summary: The median home sold price in Lake Hamilton Township was $397,000 in May 2024, up 15.2% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $498.7K | $365K | -26.8% |
| 3 Bedrooms | $250K | $332.2K | +32.9% |
| 4 Bedrooms | $655.5K | $415K | -36.7% |
| 5+ Bedrooms | $1.0M | $1.3M | +21.5% |
Summary: Lake Hamilton Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.8%, 3 bedroom homes increased by 32.9%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Lake Hamilton Township | $344.7K | $397K | +15.2% |
| Hot Springs National Park | $282.5K | $261.5K | -7.4% |
| Hot Springs | $236.5K | $160K | -32.3% |
| Hot Springs Township | $265K | $174K | -34.3% |
Housing Supply in Lake Hamilton Township, AR
How many homes are available in Lake Hamilton Township, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 168 | 200 | +19.0% |
Summary: The Lake Hamilton Township real estate market had 200 homes for sale in May 2024, a 19.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 31 | 44 | +41.9% |
| 3 Bedrooms | 73 | 86 | +17.8% |
| 4 Bedrooms | 46 | 45 | -2.2% |
| 5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The Lake Hamilton 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 increased by 41.9%, 3 bedroom homes increased by 17.8%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hamilton Township, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Lake Hamilton Township in May 2024, up by 19.2% month-over-month. Of the 28 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Lake Hamilton Township, 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.