$3,563 Closing Credit*
$300,000
1,470 SqFt
4 Beds
•2 Full Baths
Listing Office: Coldwell Banker Harris McHaney & Faucette-Bentonvi
Is Elkins, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elkins was a Seller's Market.
Key Takeaway
Elkins is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elkins, AR
How much do homes in Elkins, AR cost?
Median Sold Price
$270,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+8.0%)
Key Takeaway
Homes in Elkins have sold for 8% more than they did a year ago.
Summary: The median home sold price in Elkins was $270,000 in November 2024, up 8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $194.5K | $250K | +28.5% |
| 3 Bedrooms | $243.5K | $260.2K | +6.9% |
| 4 Bedrooms | $291.5K | $289K | -0.9% |
| 5+ Bedrooms | $444.4K | $1.6M | +275.1% |
Summary: Elkins housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 275.1%.
Housing Supply in Elkins, AR
How many homes are available in Elkins, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Summary: The Elkins real estate market had 39 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elkins housing inventory by bedroom type for November 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 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elkins, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Elkins in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 83 Days | +87.3% |
Summary: Homes in Elkins had an average of 83 days on market in Nov 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elkins has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Elkins; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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.