$374,000
13.97 Acres
Land
Listing Office: Sanderson & Associates Real Estate
Is Siloam Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Siloam Springs has remained a Seller's Market.
Key Takeaway
Siloam Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 December 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 December 2024, up 1% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.5K | $175.2K | -46.8% |
| 2 Bedrooms | $185K | $189.6K | +2.5% |
| 3 Bedrooms | $233K | $241.5K | +3.7% |
| 4 Bedrooms | $300K | $306.5K | +2.2% |
| 5+ Bedrooms | $527K | $495K | -6.1% |
Summary: Siloam Springs housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in Siloam Springs, AR
How many homes are available in Siloam Springs, AR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 150 | 147 | -2.0% |
Summary: The Siloam Springs real estate market had 147 homes for sale in December 2024, a 2.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 85 | 86 | +1.2% |
| 4 Bedrooms | 50 | 48 | -4.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Siloam Springs housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Siloam Springs, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Siloam Springs in December 2024, the same as the previous month. Of the 25 sold homes, 28% were sold under asking, 56% were sold at asking, and 16% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 77 Days | 110 Days | +42.3% |
Summary: Homes in Siloam Springs had an average of 110 days on market in Dec 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
13 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 December 2024, 25 homes were sold in Siloam Springs; 4% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 52% 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 © 2025 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© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.