$4,097 Closing Credit*
$345,000
1,524 SqFt
3 Beds
•2 Full Baths
Listing Office: Collier & Associates
Is Tontitown, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tontitown was a Neutral 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 November 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 November 2024, down 3.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $365K | +28.1% |
| 3 Bedrooms | $349.9K | $345.9K | -1.1% |
| 4 Bedrooms | $499.4K | $499.5K | 0.0% |
| 5+ Bedrooms | $608.5K | $543K | -10.8% |
Summary: Tontitown housing prices by bedroom type for November 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 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Elm Springs | $650K | $691.5K | +6.4% |
| Elm Springs Township | $658.9K | $685K | +4.0% |
| Tontitown Township | $487.2K | $469.9K | -3.6% |
| Tontitown | $488K | $470K | -3.7% |
Housing Supply in Tontitown, AR
How many homes are available in Tontitown, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 42 | -19.2% |
Summary: The Tontitown real estate market had 42 homes for sale in November 2024, a 19.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 22 | 18 | -18.2% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Tontitown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 9 | -52.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tontitown, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Tontitown in November 2024, down by 52.6% month-over-month. Of the 9 sold homes, 11% were sold under asking, 78% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 91 Days | +72.7% |
Summary: Homes in Tontitown had an average of 91 days on market in Nov 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tontitown has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Tontitown; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% 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.