Is Cabot, 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, Cabot has remained a Seller's Market.
Key Takeaway
Cabot is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabot, AR
How much do homes in Cabot, AR cost?
Median Sold Price
$247,000
$147/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Cabot have sold for 0.9% more than they did a month ago.
Summary: The median home sold price in Cabot was $247,000 in May 2024, up 0.9% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162K | $136K | -16.0% |
| 3 Bedrooms | $210K | $235K | +11.9% |
| 4 Bedrooms | $344.5K | $259K | -24.8% |
| 5+ Bedrooms | $561K | $427.2K | -23.8% |
Summary: Cabot 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 16%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Caroline Township | $199.9K | $246.5K | +23.3% |
| York Township | $215K | $230K | +7.0% |
| Austin | $245K | $251K | +2.4% |
| Ward Township | $192.5K | $195.9K | +1.8% |
| Cabot | $244.9K | $247K | +0.9% |
Housing Supply in Cabot, AR
How many homes are available in Cabot, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 186 | 220 | +18.3% |
Summary: The Cabot real estate market had 220 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 92 | 106 | +15.2% |
| 4 Bedrooms | 79 | 96 | +21.5% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Cabot 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 50%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 67 | +67.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cabot, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Cabot in May 2024, up by 67.5% month-over-month. Of the 67 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.
Days on Market for Cabot, 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.