$1,424 Closing Credit*
$119,900
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
#24042963, Eric Box, Listing Office: Keller Williams Realty LR Branch
Is Shannon Hills, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Shannon Hills was a Seller's Market.
Key Takeaway
Shannon Hills is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Shannon Hills, AR
How much do homes in Shannon Hills, AR cost?
Median Sold Price
$187,750
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,750(+12.4%)
Key Takeaway
Homes in Shannon Hills have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Shannon Hills was $187,750 in November 2024, up 12.4% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $165K | $188K | +13.9% |
| 4 Bedrooms | $218K | $185K | -15.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Shannon Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Alexander | $218K | $248.4K | +14.0% |
| Shannon Hills | $167K | $187.7K | +12.4% |
| Otter Township | $167K | $185K | +10.8% |
Housing Supply in Shannon Hills, AR
How many homes are available in Shannon Hills, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Summary: The Shannon Hills real estate market had 19 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shannon Hills 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 100%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shannon Hills, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Shannon Hills in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Shannon Hills, 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.