$3,324 Closing Credit*
$279,900
1,480 SqFt
3 Beds
•2 Full Baths
Listing Office: PAK Home Realty
Is Siloam Springs, 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, Siloam Springs was a Seller's Market.
Key Takeaway
Siloam Springs 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 Siloam Springs, AR
How much do homes in Siloam Springs, AR cost?
Median Sold Price
$254,550
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,405(+1.0%)
Key Takeaway
Homes in Siloam Springs have sold for 1% more than they did a year ago.
Summary: The median home sold price in Siloam Springs was $254,550 in November 2024, up 1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.5K | $175.2K | -46.8% |
| 2 Bedrooms | $179.9K | $190K | +5.6% |
| 3 Bedrooms | $230K | $241.4K | +5.0% |
| 4 Bedrooms | $299.9K | $311.8K | +4.0% |
| 5+ Bedrooms | $535K | $475K | -11.2% |
Summary: Siloam Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in Siloam Springs, AR
How many homes are available in Siloam Springs, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 166 | 146 | -12.0% |
Summary: The Siloam Springs real estate market had 146 homes for sale in November 2024, a 12.0% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 93 | 84 | -9.7% |
| 4 Bedrooms | 53 | 47 | -11.3% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Siloam Springs 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 decreased by 33.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 23 | -37.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Siloam Springs, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Siloam Springs in November 2024, down by 37.8% month-over-month. Of the 23 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Siloam Springs, AR
How long does it take to sell a home in Siloam Springs, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 136 Days | +47.6% |
Summary: Homes in Siloam Springs had an average of 136 days on market in Nov 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Siloam Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 23 homes were sold in Siloam Springs; 0% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 65% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
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.