$2,450,000
13.00 Acres
Land
#24042577, Ellie Carlisle, Listing Office: Keller Williams Realty Hot Springs
Is Hot Springs National Park, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hot Springs National Park has remained a Buyer's Market.
Key Takeaway
Hot Springs National Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hot Springs National Park, AR
How much do homes in Hot Springs National Park, AR cost?
Median Sold Price
$261,250
$159/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$28,750(-9.9%)
Key Takeaway
Homes in Hot Springs National Park have sold for 9.9% less than they did a month ago.
Summary: The median home sold price in Hot Springs National Park was $261,250 in October 2024, down 9.9% from last month, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $225K | $209K | -7.1% |
| 3 Bedrooms | $290K | $257K | -11.4% |
| 4 Bedrooms | $362.5K | $399K | +10.1% |
| 5+ Bedrooms | $583K | $524.9K | -10.0% |
Summary: Hot Springs National Park 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 decreased by 7.1%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 10%.
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 National Park, AR
How many homes are available in Hot Springs National Park, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 593 | 637 | +7.4% |
Summary: The Hot Springs National Park real estate market had 637 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 181 | 179 | -1.1% |
| 3 Bedrooms | 229 | 246 | +7.4% |
| 4 Bedrooms | 114 | 135 | +18.4% |
| 5+ Bedrooms | 58 | 64 | +10.3% |
Summary: The Hot Springs National Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 70 | -14.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs National Park, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Hot Springs National Park in October 2024, down by 14.6% month-over-month. Of the 60 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.
Days on Market for Hot Springs National Park, AR
We’re sorry, we don't have information for this market at the moment
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.