$450,000
4.86 Acres
Land
Listing Office: Lindsey & Assoc Inc Branch
Is Springdale, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Springdale has remained a Neutral Market.
Key Takeaway
Springdale 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 Springdale, AR
How much do homes in Springdale, AR cost?
Median Sold Price
$324,560
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,485(+1.4%)
Key Takeaway
Homes in Springdale have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Springdale was $324,560 in November 2024, up 1.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $199K | +109.5% |
| 2 Bedrooms | $192.5K | $215K | +11.7% |
| 3 Bedrooms | $297K | $293.6K | -1.1% |
| 4 Bedrooms | $420K | $399.9K | -4.8% |
| 5+ Bedrooms | $699.9K | $733.5K | +4.8% |
Summary: Springdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $650K | $691.5K | +6.4% |
| Springdale | $320K | $324.5K | +1.4% |
| Springdale Township | $320.2K | $323.2K | +0.9% |
| Johnson Township | $435.9K | $335.7K | -23.0% |
Housing Supply in Springdale, AR
How many homes are available in Springdale, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 306 | 277 | -9.5% |
Summary: The Springdale real estate market had 277 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 159 | 143 | -10.1% |
| 4 Bedrooms | 112 | 96 | -14.3% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Springdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 46 | -47.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springdale, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Springdale in November 2024, down by 47.1% month-over-month. Of the 46 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Springdale, AR
How long does it take to sell a home in Springdale, AR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 76 Days | -3.3% |
Summary: Homes in Springdale had an average of 76 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springdale has remained consistent over time.
Summary: During November 2024, 46 homes were sold in Springdale; 4% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 37% 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.