$5,932 Closing Credit*
$499,500
3,235 SqFt
4 Beds
•3 Full Baths, 2 Partial
#24032350, Allison Scroggins, Listing Office: Century 21 Parker & Scroggins Realty - Benton
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
Since last month, Banner Township has remained a Seller's 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
$246,825
$160/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$21,825(+9.7%)
Key Takeaway
Homes in Banner Township have sold for 9.7% more than they did a month ago.
Summary: The median home sold price in Banner Township was $246,825 in August 2024, up 9.7% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $208.6K | +26.5% |
| 4 Bedrooms | $442K | $464K | +5.0% |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Banner Township housing prices by bedroom type for August 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 26.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Big Rock Township | $245.3K | $270.6K | +10.3% |
| Banner Township | $225K | $246.8K | +9.7% |
| Otter Township | $179K | $172.4K | -3.7% |
| Mabelvale | $169K | $155K | -8.3% |
| Hensley | $419K | $285K | -32.0% |
Housing Supply in Banner Township, AR
How many homes are available in Banner Township, AR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Banner Township real estate market had 26 homes for sale in August 2024, a 18.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Banner Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 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. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Banner Township in August 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% 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.