New - 9 hours on Rocket
$2,458 Closing Credit¹
#25002200, Jan Culp, Listing Office: Trademark Real Estate, Inc.
Hot Springs Housing Market Report December 2024•Garland County, Arkansas
Housing Prices in Hot Springs, AR
How much do homes in Hot Springs, AR cost?
Housing Market Conditions
Is Hot Springs, AR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Hot Springs is a Buyer's Market
Difference Since November 2024
Last month, Hot Springs was a Seller's Market.
Insight
Hot Springs is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$200,000$121/SqFt
-$19,000
-8.7%
Based on all homes sold in December 2024
Insight
Homes in Hot Springs have sold for 8.7% less than they did a month ago.
Summary: The median home sold price in Hot Springs was $200,000 in December 2024, down 8.7% from last month, and the median price per square foot was $121.
Median Sold Price By City
| City | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| Whittington Township | $310K | $400K | +29.0% |
| Hot Springs National Park | $262.5K | $306.5K | +16.8% |
| Hot Springs Township | $224K | $231K | +3.1% |
| Hot Springs | $219K | $200K | -8.7% |
| Lake Hamilton Township | $406K | $342.5K | -15.6% |
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $110.5K | $138.5K | +25.3% |
| 33 Bedrooms | $200K | $164K | -18.0% |
| 44 Bedrooms | $369.9K | $375K | +1.4% |
| 55+ Bedrooms | $600K | $396K | -34.0% |
Summary: Hot Springs housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +25.3%. The home price for 3 bedroom homes decreased by -18.0%. The home price for 4 bedroom homes increased by +1.4%. The home price for 5 bedroom homes decreased by -34.0%.
Housing supply in Hot Springs, AR
How many homes are available in Hot Springs, AR?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 222Last MonthDec 2024 | ||
| 2352 months agoNov 2024 | -5.5 % Change MoMNov – Dec |
Summary: The Hot Springs real estate market had 222 homes for sale in Dec 2024, a 5.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 29Last MonthDec 2024 | ||
| 472 months agoNov 2024 | -38.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 5 | +66.7% |
| 22 Bedrooms | 78 | 73 | -6.4% |
| 33 Bedrooms | 91 | 85 | -6.6% |
| 44 Bedrooms | 43 | 39 | -9.3% |
| 55+ Bedrooms | 20 | 20 | 0.0% |
Summary: Hot Springs housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +66.7%. The inventory for 2 bedroom homes decreased by -6.4%. The inventory for 3 bedroom homes decreased by -6.6%. The inventory for 4 bedroom homes decreased by -9.3%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Hot Springs, AR cost?
Over Asking Price3 Homes
At Asking Price2 Homes
Under Asking Price22 Homes
Insight
If you're buying a home in Hot Springs, you may be able to get a good deal. 81.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Hot Springs in December 2024, down by 38.3% month-over-month. Of the 27 sold homes, 81% were sold under asking, 7% were sold at asking, and and 11% were sold over asking.
Days on Market for Hot Springs, AR
We’re sorry, we don't have information for this market at the moment.
Home sale times aren’t available for this area.
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Newest Listings in Hot Springs, AR
What homes are available in Hot Springs, AR?
New - 1 day on Rocket
$2,126 Closing Credit¹
#25001979, James Felton, Listing Office: Southern Realty of Hot Springs, Inc.
New - 1 day on Rocket
$5,937 Closing Credit¹
#25001972, Lindsey Jordan, Listing Office: Hot Springs Realty
New - 2 days on Rocket
$1,009 Closing Credit¹
#25001912, David Ratcliffe, Listing Office: Hot Springs 1st Choice Realty
New - 2 days on Rocket
$1,306 Closing Credit¹
#25001902, Scott Fader, Listing Office: Joseph Walter Realty, LLC
New - 2 days on Rocket
#25001874, Kelli Ray, Listing Office: McGraw Realtors - HS
New - 2 days on Rocket
#25001805, Melissa Chadick, Listing Office: Trademark Real Estate, Inc.
New - 2 days on Rocket
$3,088 Closing Credit¹
#25001798, Lawana Whaley, Listing Office: Lake Hamilton Realty, Inc.
New - 2 days on Rocket
$8,301 Closing Credit¹
#25001788, David Hall, Listing Office: The Goff Group Real Estate Company
New - 3 days on Rocket
$1,841 Closing Credit¹
#25001724, Melissa Smith, Listing Office: Evermark Realty Group, Inc.
New - 3 days on RocketVideo tour
$9,441 Closing Credit¹
#25001716, Quita Bennett, Listing Office: Bennett Realty Company
New - 4 days on Rocket
$10,000 Closing Credit¹
#25001623, Denise Hipskind, Listing Office: IRealty Arkansas - Benton
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MLS Disclaimers and Copyright
Based on information from Cooperative Arkansas REALTORS® MLS, Houston REALTORS® Information Service, and Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC for the period 11/01/2024 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. Copyright© 2025 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Northwest Arkansas Board of Realtors All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.