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Featured local agent — Gum Springs, AR
Sarah Mitchell
Compass Real Estate · Gum Springs, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gum Springs, AR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$75,000median sale price
How is the Gum Springs, AR housing market right now?
The median home sale price in Gum Springs, AR is $75,000. Homes sell in an average of 64 days. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of October 2023 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gum Springs a buyer's or seller's market?
Gum Springs, AR is currently a buyer's market and homes selling in about 64 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
64
Average pace
Active listings
—
Sale-to-list
93.8%
Below asking
What does the Gum Springs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $75,000 |
| Average days on market | 64 days |
| Sale-to-list price ratio | 93.8% |
| Median price per sq ft | $51/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
The Gum Springs housing market is currently classified as a buyer's market with a median sale price of $75,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 64 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Gum Springs
Explore homes currently listed for sale in Gum Springs, Arkansas across major real estate platforms.
Who lives in Gum Springs?
Population
50
Median income
$35,750/yr
Median age
55 years
Owner-occupied
37.9%
College grads
31.7%
Avg commute
17.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Gum Springs?
Gum Springs is a community of approximately 0K residents with a median age of 55 years.The median household income is $35,750, which represents a working-class community with solid middle-income opportunities. 31.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 37.9%, showing a blend of owner and renter-occupied properties. The average commute time is 17.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gum Springs offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Gum Springs, AR?
Want a head-to-head view? Compare Gum Springs side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Gum Springs?
The median home sale price in Gum Springs is $75,000, down 0.0% from last year.
How long do homes stay on market in Gum Springs?
Homes typically spend 64 days on market before going under contract.
What is the median income in Gum Springs?
The median household income is $35,750 per year.
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