Hot Springs, AR Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Hot Springs, AR is $198,500, down 5.5% year-over-year. Homes sell in an average of 71 days with 355 active listings. The market is currently a buyer's market.
$198,500median sale price
Is Hot Springs a buyer's or seller's market?
Hot Springs, AR is currently a buyer's market, based on 7.2 months of supply and homes selling in about 71 days. How we determine this →
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
Hot Springs, AR market data
| Metric | Value |
|---|---|
| Median sale price | $198,500 |
| Median list price | $239,500 |
| Year-over-year price change | -5.5% |
| Average days on market | 71 days |
| Active inventory | 355 listings |
| Months of supply | 7.2 months |
| Sale-to-list price ratio | 94.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
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
Homes for sale in Hot Springs
There are currently 355 homes listed for sale in Hot Springs, Arkansas. The median listing price is $240K.
Active listings
355
Homes on market
Median list price
$240K
Avg. days on market
71
Days until sale
New this week
85
Newly listed
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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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