Hot Springs Housing Market Report May 2025•Garland County, Arkansas

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hot Springs is a Buyer's Market

Difference Since May 2024

At the same time last year, 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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$208,250$133/SqFt
+$15,875
+8.3%

Based on all homes sold in the last 12 months

Insight

Homes in Hot Springs have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Hot Springs was $208,250 in May 2025, up 8.3% from last year, and the median price per square foot was $133.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Hot Springs
+8.3%
Hot Springs Township
+7.0%
Whittington Township
+5.9%
Hot Springs National Park
+2.9%
Lake Hamilton Township
-6.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$132.5K$151.2K
+14.2%
2$150K$150K
0.0%
3$220.2K$215K
-2.4%
4$350K$349.9K
0.0%
5$469K$512K
+9.2%

Summary: Hot Springs housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +14.2%. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -2.4%. The home price for 4 bedroom homes decreased by 0.0%. The home price for 5 bedroom homes increased by +9.2%.

How does Hot Springs, AR compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Hot Springs, AR

Housing supply in Hot Springs, AR

How many homes are available in Hot Springs, AR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
666Last MonthMay 2025
5292 months agoApr 2025
+25.9 %
Change MoMApr – May

Summary: The Hot Springs real estate market had 666 homes for sale in May 2025, a 25.9 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
80Last MonthMay 2025
462 months agoApr 2025
+73.9 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
12525
0.0%
2169229
+35.5%
3218262
+20.2%
47399
+35.6%
54451
+15.9%

Summary: Hot Springs housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +35.5%. The inventory for 3 bedroom homes increased by +20.2%. The inventory for 4 bedroom homes increased by +35.6%. The inventory for 5 bedroom homes increased by +15.9%.

Asking Price vs. Sold Price

How much do homes in Hot Springs, AR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price18 Homes

Under Asking Price51 Homes

Insight

If you're buying a home in Hot Springs, you may be able to get a good deal. 69.9% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in Hot Springs in May 2025, up by 73.9% month-over-month. Of the 73 sold homes, 70% were sold under asking, 25% were sold at asking, and and 5% were sold over asking.

Days on Market for Hot Springs, AR

How long does it take to sell a home in Hot Springs, AR?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days24 Homes

Over 90 Days12 Homes

Insight

Avg time on Rocket Homes in Hot Springs has remained consistent over time.

Summary: During May 2025, 80 homes were sold in Hot Springs; 5% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
79 DaysThis YearMay 2025
88 Days1 year agoMay 2024
-10.5 %
Change YoYMay 2024 – May 2025

Summary: Homes in Hot Springs had an average listing age of 79 days in May 2025, down by 10.5% compared to the previous year.

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Newest Listings in Hot Springs, AR

What homes are available in Hot Springs, AR?

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Nearby markets

Popular Cities with Homes for Sale in Arkansas

MLS Disclaimers and Copyright

Based on information from Hot Springs Board of Realtors MLS, Cooperative Arkansas REALTORS® MLS, and Houston REALTORS® Information Service for the period 06/01/2023 - 06/01/2025

Copyright © 2025, Hot Springs Board of REALTORS® MLS. All rights reserved. Information deemed reliable but is not guaranteed.

IDX The data relating to real estate for sale on this web site comes in part from the Hot Springs Data Share Program of the Hot Springs Multiple Listing Service. The listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/17/2025, 12:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe 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: 6/17/2025, 12:55:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker ReciprocityDisclaimer: 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: 6/17/2025, 12:55:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.