$10,000 Closing Credit*
$995,000
3,642 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Keller Williams Market Pro Realty Branch Office
Is Elm 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, 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
$699,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,497(+5.8%)
Key Takeaway
Homes in Elm Springs have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Elm Springs was $699,000 in October 2024, up 5.8% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $165K | N/A |
| 3 Bedrooms | $475K | $337.5K | -28.9% |
| 4 Bedrooms | $650K | $685K | +5.4% |
| 5+ Bedrooms | $699.9K | $770K | +10.0% |
Summary: Elm 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 did not change, 3 bedroom homes decreased by 28.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $660.5K | $699K | +5.8% |
| Elm Springs Township | $664K | $698K | +5.1% |
| Springdale Township | $315K | $323.8K | +2.8% |
| Springdale | $315.2K | $323.9K | +2.7% |
Housing Supply in Elm Springs, AR
How many homes are available in Elm Springs, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Summary: The Elm Springs real estate market had 16 homes for sale in October 2024, a 45.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Elm 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was 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, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Elm Springs in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 56 Days | -37.5% |
Summary: Homes in Elm Springs had an average of 56 days on market in Oct 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were 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 October 2024, 3 homes were sold in Elm Springs; 0% of homes were sold within 30 days, 100% 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.