$1,544 Closing Credit*
$130,000
804 SqFt
2 Beds
•1 Full Bath
#24041712, Kyleigh Scott, Listing Office: Trademark Real Estate, Inc.
Is Hot Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hot Springs was a Neutral Market.
Key Takeaway
Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hot Springs, AR
How much do homes in Hot Springs, AR cost?
Median Sold Price
$235,000
$143/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$20,000(+9.3%)
Key Takeaway
Homes in Hot Springs have sold for 9.3% more than they did a month ago.
Summary: The median home sold price in Hot Springs was $235,000 in October 2024, up 9.3% from last month, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $163.4K | $180K | +10.1% |
| 3 Bedrooms | $215K | $227K | +5.6% |
| 4 Bedrooms | $310K | $469.9K | +51.6% |
| 5+ Bedrooms | $345K | $449.9K | +30.4% |
Summary: Hot Springs housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 51.6%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
| Hot Springs Township | $231.9K | $257.5K | +11.0% |
| Hot Springs | $215K | $235K | +9.3% |
| Hot Springs National Park | $290K | $261.2K | -9.9% |
| Whittington Township | $280K | $212.4K | -24.1% |
| Lake Hamilton Township | $388K | $282.5K | -27.2% |
Housing Supply in Hot Springs, AR
How many homes are available in Hot Springs, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 263 | 274 | +4.2% |
Summary: The Hot Springs real estate market had 274 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 102 | 97 | -4.9% |
| 3 Bedrooms | 94 | 100 | +6.4% |
| 4 Bedrooms | 41 | 48 | +17.1% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Hot Springs housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Hot Springs in October 2024, down by 15.4% month-over-month. Of the 28 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Hot Springs, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.