Hot Springs, AR
Housing market overview · Updated weekly
$198,500median sale price
Homes sold
49
Last 12 weeks
Days on market
71
Average pace
Active listings
355
7.2 months supply
Sale-to-list
94.9%
Below asking
The Hot Springs housing market is currently classified as a buyer's market with a median sale price of $198,500. Prices have fallen 5.5% compared to last year, with homes spending an average of 71 days on market, indicating 7.2 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Hot Springs?
The median home sale price in Hot Springs is $198,500, down 5.5% from last year.
How long do homes stay on market in Hot Springs?
Homes typically spend 71 days on market before going under contract.
Is Hot Springs a buyer's or seller's market?
With 7.2 months of supply, Hot Springs is currently a buyer's market.
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