Published December 3, 2025

📈 What the Data Says: Recent Trends in Hot Springs

Written by Colleen Parsons

📈 What the Data Says: Recent Trends in Hot Springs

💰 Home values are ticking up … but slowly

According to Zillow, the typical home value in Hot Springs is now around $336,430, reflecting a ~4.1% increase over the past year. Zillow+1
The more localized data from a market-reporting site as of June 2025 puts median “sold” home price at $315,000 — that’s about 8.3% higher than a year before.

So far, it looks like prices are climbing — but nothing wild or boom-town level. The increases suggest steady demand, but not a runaway market.

🏠 Inventory & Market Pace = A bit of breathing room

Some sources describe the market as less competitive: for instance, one recent report shows only a small number of homes selling (or pending) in a given month — and in that snapshot, 100% of those homes sold under asking price.
Another snapshot suggests average time on market has extended — with one site estimating homes in Hot Springs spend around 86–89 days on average before selling, compared with a national average closer to ~52–53 days. Homes+2Homes+2
That slower turnover can benefit buyers: more time to look, less urgency to overbid, and maybe better negotiation room.

🏡 What kinds of homes are selling — and at what values

Recent data indicates a median sale price around $275,000 for the last 12 months, with the median single-family home sale price around $299,500–$302,500 depending on the source. Homes+2Homes+2
There are still homes across a wide price range on the market — from lower-cost properties to high-end ones — giving options for a variety of buyers. Realtor+1

🔎 What This Means — For Buyers, Sellers, and Investors

For Buyers

Timing could be favorable: with longer days on market and some sales under asking price, there may be less competition and more wiggle room.
Prices are increasing — but not at a breakneck pace — so if you find a home you like, it probably makes sense to act rather than wait for a major drop.

For Sellers

The increase in median sold price over the past year suggests you could get a higher return now than in previous years. But the slower sales pace means you might need to price realistically and plan for your home to spend some time on the market.
Homes selling below asking indicates that aggressive pricing (or overpricing) may backfire.

For Investors or Long-Term Holders

Hot Springs seems to be a relatively stable, moderate-growth market — not ultra-hot, but not stagnant either. Could be appealing if you value steady appreciation and manageable market risk.
Given a mix of home values and inventory, there might be potential for rehabilitation, rental, or resale strategies — though one should run cash-flow and maintenance numbers carefully given the slower turnover.

⚠️ What to Watch Out For / What’s Unclear

On some metrics, there’s conflicting data: different sources report different “median sale prices,” “average home values,” or “days on market.” This inconsistency means you’ll want to dig into how recent and how representative a given dataset is before making a big decision.
Because turnover is slower, demand might not be as aggressive as in hot markets — meaning you might wait longer to sell (or might have to price below peak expectation).
There isn’t a ton of data available for finer-grained breakdowns (e.g., by neighborhood, home size, or condition), which makes it harder to predict how a given home might perform price-wise.

🧭 My Take: Hot Springs = “Soft-Climb, Balanced Market”

Over the last few months, Hot Springs’ real-estate market feels like it’s finding a middle path: not feverish growth, but gradual price appreciation with a reasonable degree of inventory and less frenzied competition.

It’s a market that seems to reward patience, realistic pricing, and good timing. For someone looking to buy a modest home — or invest with a long horizon — it’s quietly attractive. For sellers, there’s upside, but also a reminder: don’t rely on a quick flip or bidding war.

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