Market Intelligence Report — AR-300

Hot Springs, AR

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-AR-08
As of the latest 2026 data
Very Weak

Median Listing

$350K
+2.9% YoY

Pending Ratio

0.21
+4.1% YoY

Active Inventory

979
-6.1% YoY

Median DOM

72 Days
-7.7% YoY

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The Hot Springs market currently exhibits very weak demand absorption, evidenced by a pending ratio of 0.21. This metric indicates a substantial imbalance between active listings and properties going under contract. While the median listing price has maintained stability in the most recent month, broader market dynamics suggest limited buyer engagement relative to available supply.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.4%-0.2 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

99,695-0.2% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

6+7.0% YoY

Building permits (private housing units) · Jul 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Hot Springs market right now.

Active listings have contracted by 6.1% over the past year, while new listings decreased by 9.8%. Despite these supply-side adjustments, the pending ratio remains low at 0.21, although it registered a 4.1% increase year-over-year from a lower base. Median days on market have decreased by 7.7% over the past year, suggesting that the limited transactions are occurring at a slightly faster pace for those properties that do find a buyer.

Historical Analysis

Market Trends

Median Price

$350K+0.0% MoM

Active Inventory

979-6.1% YoY

Days on Market

72-7.7% YoY

Sold Score™

34+4.1% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

34
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.21, the current market structure indicates that properties spend a longer duration on the market, increasing inventory pressure for sellers. The low rate of properties moving to pending status suggests that buyers have significant leverage in negotiations, enabling greater price discipline. The pace of transactions remains slow, reflecting a market where demand absorption is substantially lagging supply.

Luxury Segment

The average listing price in Hot Springs has declined by 4.9% over the past year, in contrast to a stable median listing price and median $/sqft. This divergence, alongside a relatively stable median square footage, suggests a softening in the higher-price tiers of the market.

Supply Dynamics

979 active listings represent the current floor, with new supply arriving at roughly 220 per month.

Pricing Pressure
20.7%

of active listings carry a price reduction, -1.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -0.0% year-over-year.

Absorption
0.21

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Hot Springs, AR? Homes here are taking 6 days less to sell than last year.

Buyers have leverage in Hot Springs, AR. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
21%
Median Days on Market
72 days
Inventory YoY
−6%

In a buyer's market, strategy beats timing. See how your home scores in Hot Springs, AR and what moves the number.

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Metro Demographics

Metro Area
Hot Springs, AR
CBSA Code
26300
State
AR

ZIPs in Hot Springs, AR

Sorted by active inventory · click a ZIP for its full report