$8,491 Closing Credit*
$715,000
2,980 SqFt
4 Beds
•3 Full Baths
Listing Office: Weichert, REALTORS Griffin Company Bentonville
Is Elm Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elm Springs has remained a Seller's Market.
Key Takeaway
Elm Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elm Springs, AR
How much do homes in Elm Springs, AR cost?
Median Sold Price
$691,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,500(+6.4%)
Key Takeaway
Homes in Elm Springs have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Elm Springs was $691,500 in November 2024, up 6.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $182.5K | +10.6% |
| 3 Bedrooms | $475K | $475K | 0.0% |
| 4 Bedrooms | $645K | $680K | +5.4% |
| 5+ Bedrooms | $699.9K | $765K | +9.3% |
Summary: Elm Springs 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 10.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $650K | $691.5K | +6.4% |
| Elm Springs Township | $658.9K | $685K | +4.0% |
| Springdale | $320K | $324.5K | +1.4% |
| Springdale Township | $320.2K | $323.2K | +0.9% |
Housing Supply in Elm Springs, AR
How many homes are available in Elm Springs, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Summary: The Elm Springs real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Elm Springs 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 increased by 33.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elm Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Elm Springs in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Elm Springs, AR
How long does it take to sell a home in Elm Springs, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 156 Days | 43 Days | -72.4% |
Summary: Homes in Elm Springs had an average of 43 days on market in Nov 2024, down by 72.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elm Springs has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Elm Springs; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.