$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 Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Elm Springs Township was a Seller's Market.
Key Takeaway
Elm Springs Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elm Springs Township, AR
How much do homes in Elm Springs Township, AR cost?
Median Sold Price
$698,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,997(+5.1%)
Key Takeaway
Homes in Elm Springs Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Elm Springs Township was $698,000 in October 2024, up 5.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $165K | +3.1% |
| 3 Bedrooms | $470K | $450K | -4.3% |
| 4 Bedrooms | $660.5K | $685K | +3.7% |
| 5+ Bedrooms | $699.9K | $770K | +10.0% |
Summary: Elm Springs Township 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 3.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 3.7%, 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 | $315.2K | $323.9K | +2.7% |
| Tontitown | $488K | $470K | -3.7% |
| Tontitown Township | $488K | $469.9K | -3.7% |
Housing Supply in Elm Springs Township, AR
How many homes are available in Elm Springs Township, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Elm Springs Township real estate market had 19 homes for sale in October 2024, a 46.2% 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 | 5 | +66.7% |
| 4 Bedrooms | 6 | 11 | +83.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Elm Springs Township 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 66.7%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 25%.
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 Township, 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 Township 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 Township, AR
How long does it take to sell a home in Elm Springs Township, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 56 Days | -37.5% |
Summary: Homes in Elm Springs Township 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 Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Elm Springs Township; 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.