$7,363 Closing Credit*
$620,000
2,480 SqFt
4 Beds
•3 Full Baths
Listing Office: Lindsey & Associates Inc
Is Tontitown, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tontitown has remained a Seller's Market.
Key Takeaway
Tontitown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tontitown, AR
How much do homes in Tontitown, AR cost?
Median Sold Price
$470,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,000(-3.7%)
Key Takeaway
Homes in Tontitown have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Tontitown was $470,000 in October 2024, down 3.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $365K | +28.1% |
| 3 Bedrooms | $350K | $345.4K | -1.3% |
| 4 Bedrooms | $499.9K | $500K | 0.0% |
| 5+ Bedrooms | $597K | $543K | -9.0% |
Summary: Tontitown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $660.5K | $699K | +5.8% |
| Elm Springs Township | $664K | $698K | +5.1% |
| Tontitown | $488K | $470K | -3.7% |
| Tontitown Township | $488K | $469.9K | -3.7% |
Housing Supply in Tontitown, AR
How many homes are available in Tontitown, AR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Tontitown real estate market had 50 homes for sale in October 2024, a 4.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 19 | +46.2% |
| 4 Bedrooms | 26 | 20 | -23.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Tontitown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 19 | +58.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tontitown, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Tontitown in October 2024, up by 58.3% month-over-month. Of the 19 sold homes, 47% were sold under asking, 47% were sold at asking, and 5% were sold over asking.
Days on Market for Tontitown, AR
How long does it take to sell a home in Tontitown, AR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 104 Days | +35.8% |
Summary: Homes in Tontitown had an average of 104 days on market in Oct 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tontitown has remained consistent over time.
Summary: During October 2024, 19 homes were sold in Tontitown; 11% of homes were sold within 30 days, 53% 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.