$2,909 Closing Credit*
$245,000
1,416 SqFt
3 Beds
•2 Full Baths
#24040282, Scotty Long, Listing Office: McDaniel Realty Inc.
Is Banner Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Banner Township was a Neutral Market.
Key Takeaway
Banner Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banner Township, AR
How much do homes in Banner Township, AR cost?
Median Sold Price
$327,500
$177/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$57,500(+21.3%)
Key Takeaway
Homes in Banner Township have sold for 21.3% more than they did a month ago.
Summary: The median home sold price in Banner Township was $327,500 in October 2024, up 21.3% from last month, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $380K | N/A |
| 3 Bedrooms | $248.9K | $254.7K | +2.3% |
| 4 Bedrooms | $439.5K | $355K | -19.2% |
| 5+ Bedrooms | - | $594.9K | N/A |
Summary: Banner Township housing prices by bedroom type for October 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 increased by 2.3%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hensley | $266.4K | $327.5K | +22.9% |
| Banner Township | $270K | $327.5K | +21.3% |
| Big Rock Township | $242.5K | $250K | +3.1% |
| Mabelvale | $144.7K | $149K | +2.9% |
| Otter Township | $180K | $179.2K | -0.4% |
Housing Supply in Banner Township, AR
How many homes are available in Banner Township, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The Banner Township real estate market had 28 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Banner Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banner Township, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Banner Township in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for Banner 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.