$6,557 Closing Credit*
$552,150
2,454 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: First Star Realty
Is Cave Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,090(+4.8%)
Key Takeaway
Homes in Cave Springs have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Cave Springs was $553,235 in August 2024, up 4.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $359K | $735K | +104.7% |
| 3 Bedrooms | $362.9K | $387.4K | +6.8% |
| 4 Bedrooms | $534.6K | $576.5K | +7.8% |
| 5+ Bedrooms | $660K | $733.3K | +11.1% |
Summary: Cave Springs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 104.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Bentonville | $429.4K | $475.4K | +10.7% |
| Lowell | $324.1K | $350K | +8.0% |
| Cave Springs | $528.1K | $553.2K | +4.8% |
| Rogers | $387.7K | $393.8K | +1.6% |
Housing Supply in Cave Springs, AR
How many homes are available in Cave Springs, AR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 39 | 32 | -17.9% |
Summary: The Cave Springs real estate market had 32 homes for sale in August 2024, a 17.9% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 25 | 17 | -32.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Cave Springs 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 40%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cave Springs, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Cave Springs in August 2024, down by 8.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 67 Days | 80 Days | +19.5% |
Summary: Homes in Cave Springs had an average of 80 days on market in Aug 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cave Springs has remained consistent over time.
Summary: During August 2024, 11 homes were sold in Cave Springs; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% 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.