Is Springdale, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Springdale has remained a Seller's Market.
Key Takeaway
Springdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springdale, AR
How much do homes in Springdale, AR cost?
Median Sold Price
$324,900
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Springdale have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Springdale was $324,900 in May 2024, up 6.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $95K | -36.6% |
| 2 Bedrooms | $185K | $203.2K | +9.9% |
| 3 Bedrooms | $288.6K | $295.6K | +2.4% |
| 4 Bedrooms | $381.2K | $400.6K | +5.1% |
| 5+ Bedrooms | $650K | $749.5K | +15.3% |
Summary: Springdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Springdale | $306.3K | $324.9K | +6.1% |
| Springdale Township | $306.3K | $324.5K | +5.9% |
| Elm Springs | $652K | $645K | -1.1% |
| Johnson Township | $367.5K | $354K | -3.7% |
| Bethel Heights | $367.2K | $337.1K | -8.2% |
Housing Supply in Springdale, AR
How many homes are available in Springdale, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 288 | 295 | +2.4% |
Summary: The Springdale real estate market had 295 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 158 | 161 | +1.9% |
| 4 Bedrooms | 97 | 97 | 0.0% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Springdale 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 16.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 89 | +23.6% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springdale, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Springdale in May 2024, up by 23.6% month-over-month. Of the 89 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Springdale, AR
How long does it take to sell a home in Springdale, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 77 Days | +14.2% |
Summary: Homes in Springdale had an average of 77 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springdale has remained consistent over time.
Summary: During May 2024, 89 homes were sold in Springdale; 19% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.