Is Heber Springs, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heber Springs is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Heber Springs was a Neutral Market.

Key Takeaway

Heber Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Heber Springs, AR

How much do homes in Heber Springs, AR cost?

Median Sold Price

$232,500

$118/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$74,500(-24.3%)

Key Takeaway

Homes in Heber Springs have sold for 24.3% less than they did a month ago.

Summary: The median home sold price in Heber Springs was $232,500 in December 2024, down 24.3% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $112.5K$296.5K
+163.6%
3 $309.2K$206.5K
-33.2%
4 -$1.3M
N/A
5+ $462.5K-
N/A

Summary: Heber Springs housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 163.6%, 3 bedroom homes decreased by 33.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Valley Township
+374.4%
Heber Township
-14.0%
Heber Springs
-24.3%

Housing Supply in Heber Springs, AR

How many homes are available in Heber Springs, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
117115-1.7%

Summary: The Heber Springs real estate market had 115 homes for sale in December 2024, a 1.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2824
-14.3%
3 5556
+1.8%
4 2429
+20.8%
5+ 95
-44.4%

Summary: The Heber Springs housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 44.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heber Springs, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Heber Springs in December 2024, down by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Heber Springs, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Heber Springs, AR

Nearby Markets to Heber Springs, AR

What housing markets are near Heber Springs, AR?