$6,531 Closing Credit*
$549,990
2,921 SqFt
4 Beds
•3 Full Baths, 1 Partial
#24044937, Janette Carter, Listing Office: Taylor Realty Group HSV
Is Hot Springs Village, 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 Village has remained a Seller's Market.
Key Takeaway
Hot Springs Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hot Springs Village, AR
How much do homes in Hot Springs Village, AR cost?
Median Sold Price
$308,500
$162/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$6,500(-2.1%)
Key Takeaway
Homes in Hot Springs Village have sold for 2.1% less than they did a month ago.
Summary: The median home sold price in Hot Springs Village was $308,500 in November 2024, down 2.1% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $177.5K | +36.5% |
| 3 Bedrooms | $332K | $325K | -2.1% |
| 4 Bedrooms | $380.5K | $612.5K | +61.0% |
| 5+ Bedrooms | $729.5K | $801K | +9.8% |
Summary: Hot Springs Village housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 61%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Whittington Township | $253.9K | $310K | +22.1% |
| Marble Township | $360K | $357.5K | -0.7% |
| Hot Springs Village | $315K | $308.5K | -2.1% |
Housing Supply in Hot Springs Village, AR
How many homes are available in Hot Springs Village, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 291 | 264 | -9.3% |
Summary: The Hot Springs Village real estate market had 264 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 209 | 181 | -13.4% |
| 4 Bedrooms | 34 | 32 | -5.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Hot Springs Village housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 51 | -21.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs Village, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Hot Springs Village in November 2024, down by 21.5% month-over-month. Of the 48 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Hot Springs Village, AR
How long does it take to sell a home in Hot Springs Village, AR?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Hot Springs Village are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 51 homes were sold in Hot Springs Village; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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.