Is Hot Springs National Park, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hot Springs National Park was a Seller's Market.
Housing Prices in Hot Springs National Park, AR
How much do homes in Hot Springs National Park, AR cost?
Median Sold Price
$261,500
$144/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Hot Springs National Park was $261,500 in May 2024, down 7.4% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $240K | +29.7% |
2 Bedrooms | $204K | $128K | -37.3% |
3 Bedrooms | $282.5K | $258.7K | -8.4% |
4 Bedrooms | $483.5K | $415K | -14.2% |
5+ Bedrooms | $669K | $1.1M | +73.8% |
Summary: Hot Springs National Park housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes decreased by 37.3%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes increased by 73.8%.
Median Sold Price Compared To Nearby Cities
Lake Hamilton Township | $344.7K | $397K | +15.2% |
Whittington Township | $339K | $345K | +1.8% |
Hot Springs National Park | $282.5K | $261.5K | -7.4% |
Hot Springs | $236.5K | $160K | -32.3% |
Hot Springs Township | $265K | $174K | -34.3% |
Housing Supply in Hot Springs National Park, AR
How many homes are available in Hot Springs National Park, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
545 | 592 | +8.6% |
Summary: The Hot Springs National Park real estate market had 592 homes for sale in May 2024, a 8.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 16 | -11.1% |
2 Bedrooms | 145 | 166 | +14.5% |
3 Bedrooms | 240 | 256 | +6.7% |
4 Bedrooms | 99 | 100 | +1.0% |
5+ Bedrooms | 43 | 54 | +25.6% |
Summary: The Hot Springs National Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 88 | -7.4% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Hot Springs National Park in May 2024, down by 7.4% month-over-month. Of the 84 sold homes, 61% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for Hot Springs National Park, AR
We’re sorry, we don't have information for this market at the moment