$9,500 Closing Credit*
$799,999
3,426 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Coldwell Banker Harris McHaney & Faucette-Rogers
Is Cave Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cave Springs has remained a Seller's Market.
Key Takeaway
Cave Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cave Springs, AR
How much do homes in Cave Springs, AR cost?
Median Sold Price
$553,235
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,620(+2.5%)
Key Takeaway
Homes in Cave Springs have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Cave Springs was $553,235 in October 2024, up 2.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $520K | $701.8K | +35.0% |
| 3 Bedrooms | $360.9K | $399.9K | +10.8% |
| 4 Bedrooms | $560K | $582.5K | +4.0% |
| 5+ Bedrooms | $675.5K | $741.8K | +9.8% |
Summary: Cave Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Bentonville | $438.1K | $490K | +11.8% |
| Rogers | $380K | $415K | +9.2% |
| Lowell | $330K | $350K | +6.1% |
| Cave Springs | $539.6K | $553.2K | +2.5% |
Housing Supply in Cave Springs, AR
How many homes are available in Cave Springs, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Cave Springs real estate market had 32 homes for sale in October 2024, a 6.7% increase 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Cave Springs 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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cave Springs, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Cave Springs in October 2024, up by 133.3% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Cave Springs, AR
How long does it take to sell a home in Cave Springs, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 67 Days | +24.9% |
Summary: Homes in Cave Springs had an average of 67 days on market in Oct 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cave Springs has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Cave Springs; 7% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 29% 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.