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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summit Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Summit Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Summit Township, AR

How much do homes in Summit Township, AR cost?

Median Sold Price

$135,900

$97/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$222,100(-62.0%)

Key Takeaway

Homes in Summit Township have sold for 62% less than they did a month ago.

Summary: The median home sold price in Summit Township was $135,900 in December 2024, down 62% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 -$135.9K
N/A
4 $358K-
N/A
5+ --
N/A

Summary: Summit Township housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bryan Township
+315.9%
Summit Township
-62.0%

Housing Supply in Summit Township, AR

How many homes are available in Summit Township, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
32-33.3%

Summary: The Summit Township real estate market had 2 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Summit Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Summit Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Summit Township in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Summit Township, AR

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Summit Township, AR

Nearby Markets to Summit Township, AR