Is Otter Township, 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, Otter Township was a Buyer's Market.
Housing Prices in Otter Township, AR
How much do homes in Otter Township, AR cost?
Median Sold Price
$205,500
$141/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Otter Township was $205,500 in May 2024, down 26.3% from last month, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $279K | $205.5K | -26.3% |
4 Bedrooms | - | $230K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Otter Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hurricane Township | $183K | $243.4K | +33.0% |
Alexander | $244.4K | $320K | +30.9% |
Mabelvale | $178K | $159.5K | -10.4% |
Otter Township | $279K | $205.5K | -26.3% |
Shannon Hills | $279K | $190.4K | -31.7% |
Housing Supply in Otter Township, AR
How many homes are available in Otter Township, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Summary: The Otter Township real estate market had 39 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Otter Township housing inventory by bedroom type for May 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 45%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Otter Township in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Otter Township, AR
We’re sorry, we don't have information for this market at the moment