Is Salem Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salem Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Salem Township has remained a Seller's Market.

Key Takeaway

Salem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Salem Township, AR

How much do homes in Salem Township, AR cost?

Median Sold Price

$415,700

$179/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$44,950(+12.1%)

Key Takeaway

Homes in Salem Township have sold for 12.1% more than they did a month ago.

Summary: The median home sold price in Salem Township was $415,700 in November 2024, up 12.1% from last month, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$199.9K
N/A
3 $345K$211K
-38.8%
4 $430K$515K
+19.8%
5+ $494.9K-
N/A

Summary: Salem Township 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 did not change, 3 bedroom homes decreased by 38.8%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Beaver Township
+63.8%
Owen Township
+39.4%
Salem Township
+12.1%
Benton
-6.0%
Bauxite Township
-6.6%

Housing Supply in Salem Township, AR

How many homes are available in Salem Township, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
74740.0%

Summary: The Salem Township real estate market had 74 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2924
-17.2%
4 3743
+16.2%
5+ 53
-40.0%

Summary: The Salem Township 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 33.3%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salem Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Salem Township in November 2024, down by 15.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.

Days on Market for Salem Township, AR

How long does it take to sell a home in Salem Township, AR?

Average Sale Time

Oct 2024Nov 2024CHANGE
80 Days63 Days-20.6%

Summary: Homes in Salem Township had an average of 63 days on market in Nov 2024, down by 20.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Salem Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in Salem Township; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in Salem Township, AR

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