Is Eureka Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Eureka Springs was a Seller's Market.
Housing Prices in Eureka Springs, AR
How much do homes in Eureka Springs, AR cost?
Median Sold Price
$290,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eureka Springs was $290,000 in April 2024, up 3.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $170K | -16.0% |
2 Bedrooms | $215K | $226.5K | +5.3% |
3 Bedrooms | $310K | $295K | -4.8% |
4 Bedrooms | $363.9K | $377.5K | +3.7% |
5+ Bedrooms | $725K | $735K | +1.4% |
Summary: Eureka Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Cedar Township | $310K | $346.7K | +11.9% |
Eureka Springs | $280K | $290K | +3.6% |
Housing Supply in Eureka Springs, AR
How many homes are available in Eureka Springs, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 114 | +6.5% |
Summary: The Eureka Springs real estate market had 114 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 32 | 33 | +3.1% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 26 | 26 | 0.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Eureka Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Eureka Springs in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.
Days on Market for Eureka Springs, AR
How long does it take to sell a home in Eureka Springs, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
122 Days | 84 Days | -31.2% |
Summary: Homes in Eureka Springs had an average of 84 days on market in Apr 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Eureka Springs; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.