$3,444 Closing Credit*
$290,000
1,544 SqFt
4 Beds
•2 Full Baths
Listing Office: Fathom Realty
Is Elkins, 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, Elkins has remained a Seller's Market.
Key Takeaway
Elkins is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elkins, AR
How much do homes in Elkins, AR cost?
Median Sold Price
$269,450
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,450(+3.6%)
Key Takeaway
Homes in Elkins have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Elkins was $269,450 in October 2024, up 3.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $250K | +20.5% |
| 3 Bedrooms | $252K | $255.9K | +1.6% |
| 4 Bedrooms | $294K | $289K | -1.7% |
| 5+ Bedrooms | - | $334K | N/A |
Summary: Elkins 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 20.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fayetteville Township | $365.3K | $379.7K | +3.9% |
| Fayetteville | $365.6K | $379.7K | +3.8% |
| Elkins | $260K | $269.4K | +3.6% |
| Elkins Township | $260K | $269.4K | +3.6% |
Housing Supply in Elkins, AR
How many homes are available in Elkins, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 40 | -7.0% |
Summary: The Elkins real estate market had 40 homes for sale in October 2024, a 7.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Elkins housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkins, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Elkins in October 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Elkins, AR
How long does it take to sell a home in Elkins, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 75 Days | +91.9% |
Summary: Homes in Elkins had an average of 75 days on market in Oct 2024, up by 91.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elkins has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Elkins; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.