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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springdale Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Springdale Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Springdale Township, AR

How much do homes in Springdale Township, AR cost?

Median Sold Price

$323,850

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,850(+2.8%)

Key Takeaway

Homes in Springdale Township have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Springdale Township was $323,850 in October 2024, up 2.8% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$199K
+109.5%
2 $187K$217.5K
+16.3%
3 $294.7K$294.4K
-0.1%
4 $413K$400.6K
-3.0%
5+ $699.9K$733.5K
+4.8%

Summary: Springdale Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.5%, 2 bedroom homes increased by 16.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Springdale Township
+2.8%
Springdale
+2.7%
Johnson Township
-19.9%
Johnson
-22.1%

Housing Supply in Springdale Township, AR

How many homes are available in Springdale Township, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
305308+1.0%

Summary: The Springdale Township real estate market had 308 homes for sale in October 2024, a 1.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 1012
+20.0%
3 164162
-1.2%
4 113113
0.0%
5+ 1820
+11.1%

Summary: The Springdale Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7381+11.0%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springdale Township, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Springdale Township in October 2024, up by 11.0% month-over-month. Of the 81 sold homes, 46% were sold under asking, 36% were sold at asking, and 19% were sold over asking.

Days on Market for Springdale Township, AR

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

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days73 Days+6.7%

Summary: Homes in Springdale Township had an average of 73 days on market in Oct 2024, up by 6.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Springdale Township has remained consistent over time.

Summary: During October 2024, 81 homes were sold in Springdale Township; 19% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

Newest Listings in Springdale Township, AR

Nearby Markets to Springdale Township, AR

What housing markets are near Springdale Township, AR?