Is Cave Springs, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cave Springs has remained a Seller's Market.
Housing Prices in Cave Springs, AR
How much do homes in Cave Springs, AR cost?
Median Sold Price
$550,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cave Springs was $550,000 in May 2024, up 5.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | - | N/A |
2 Bedrooms | $297K | $627.5K | +111.3% |
3 Bedrooms | $355K | $392.5K | +10.6% |
4 Bedrooms | $531.7K | $574K | +7.9% |
5+ Bedrooms | $586.4K | $745K | +27.0% |
Summary: Cave Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 111.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
Bentonville | $428.9K | $475.6K | +10.9% |
Lowell | $315K | $344K | +9.2% |
Cave Springs | $520.5K | $550K | +5.7% |
Rogers | $396.6K | $374.4K | -5.6% |
Housing Supply in Cave Springs, AR
How many homes are available in Cave Springs, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 48 | +11.6% |
Summary: The Cave Springs real estate market had 48 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Cave Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cave Springs in May 2024, up by 60.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Cave Springs, AR
How long does it take to sell a home in Cave Springs, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 100 Days | +79.1% |
Summary: Homes in Cave Springs had an average of 100 days on market in May 2024, up by 79.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Cave Springs; 6% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.