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Featured local agent — Hot Springs, AR
Sarah Mitchell
Compass Real Estate · Hot Springs, AR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hot Springs, AR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$228,725median sale price
How is the Hot Springs, AR housing market right now?
The median home sale price in Hot Springs, AR is $228,725, down 20.0% year-over-year. Homes sell in an average of 77 days with 389 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hot Springs a buyer's or seller's market?
Hot Springs, AR is currently a buyer's market, based on 7.3 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
53
Last 12 weeks
Days on market
77
Average pace
Active listings
389
7.3 months supply
Sale-to-list
95.7%
Below asking
What does the Hot Springs housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $228,725 |
| Median list price | $264,900 |
| Year-over-year price change | -20.0% |
| Average days on market | 77 days |
| Active inventory | 389 listings |
| Months of supply | 7.3 months |
| Sale-to-list price ratio | 95.7% |
| Median price per sq ft | $145/sq ft |
| Homes sold (latest month) | 53 |
| New listings (latest month) | 78 |
| Listings with a price cut | 23.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Hot Springs by property type?
How the Hot Springs, AR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $243,250 | $139/sq ft | 36 | 81 days |
| Condo / Co-op | $192,500 | $169/sq ft | 15 | 69 days |
| Townhouse | $245,000 | $135/sq ft | 3 | 47 days |
Source: Redfin · Updated monthly
The Hot Springs housing market is currently classified as a buyer's market with a median sale price of $228,725. Prices have fallen 20.0% compared to last year, with homes spending an average of 77 days on market, indicating 7.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.4x provides context for how home values compare to local earning capacity.
Homes for sale in Hot Springs
There are currently 389 homes listed for sale in Hot Springs, Arkansas. The median listing price is $265K.
Active listings
389
Homes on market
Median list price
$265K
Avg. days on market
77
Days until sale
New this week
78
Newly listed
Who lives in Hot Springs?
Population
38,023
Median income
$46,441/yr
Median age
45.1 years
Owner-occupied
57.0%
College grads
27.7%
Avg commute
17 min
Source: U.S. Census Bureau ACS
What are homes worth in Hot Springs?
Zillow home value
$248,546
Zillow rent index
$1,297/mo
Price-to-rent ratio
16.0x
Price-to-income
5.4x
Source: Zillow Research
What is it like to live in Hot Springs?
Hot Springs is a community of approximately 38K residents with a median age of 45.1 years.The median household income is $46,441, which represents a working-class community with solid middle-income opportunities. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.0%, showing a blend of owner and renter-occupied properties. The average commute time is 17 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hot Springs offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hot Springs?
17 schools tracked · 8,880 students
The largest public schools serving Hot Springs, AR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAKESIDE HIGH SCHOOL
Grades 9-12 · 1,114 students
HOT SPRINGS JUNIOR ACADEMY
Grades 7-9 · 795 students
HOT SPRINGS WORLD CLASS HIGH SCHOOL
Grades 10-12 · 767 students
LAKESIDE INTERMEDIATE SCHOOL
Grades 2-4 · 705 students
MAIN STREET VISUAL & PERFORMING ARTS MAGNET SCHOOL
Grades PK-6 · 648 students
LAKESIDE JUNIOR HIGH SCHOOL
Grades 7-8 · 556 students
LAKESIDE MIDDLE SCHOOL
Grades 5-6 · 546 students
LANGSTON ELEMENTARY LEADERSHIP ACADEMY MAGNET SCHOOL
Grades PK-6 · 520 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hot Springs, AR?
Want a head-to-head view? Compare Hot Springs side-by-side with any other U.S. city using our market-comparison tool.
Is Hot Springs a good real estate investment market?
For investors evaluating Hot Springs, the price-to-rent ratio of 16.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 20.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hot Springs's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hot Springs's median home price.
Frequently asked questions
What is the average home price in Hot Springs?
The median home sale price in Hot Springs is $228,725, down 20.0% from last year.
How long do homes stay on market in Hot Springs?
Homes typically spend 77 days on market before going under contract.
What is the median income in Hot Springs?
The median household income is $46,441 per year.
Is Hot Springs a buyer's or seller's market?
With 7.3 months of supply, Hot Springs is currently a buyer's market.
What is the Zillow home value estimate for Hot Springs?
The Zillow Home Value Index (ZHVI) for Hot Springs is $248,546, representing the typical home value in the area.
What is the median condo price in Hot Springs?
The median condo/co-op sale price in Hot Springs, AR is $192,500, compared to $243,250 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hot Springs?
The median single-family home price in Hot Springs, AR is $243,250 (about $139 per square foot).
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