Shannon Hills, AR Foreclosures
How much do homes sell for in Shannon Hills, AR?
The average home price is currently $113,507.
In Shannon Hills, AR, how many homes are available?
There are currently 1 active home listings available in Shannon Hills.
What’s the average rental cost in Shannon Hills, AR?
The average rental price in Shannon Hills is $988.
What is the most expensive home in Shannon Hills?
The most expensive home sold in Shannon Hills had a price of $847,548.
What is currently the cheapest priced home in Shannon Hills, AR?
The cheapest home for sale in Shannon Hills is priced at $10,587.
Living in Shannon Hills, AR
Shannon Hills is a charming suburb located in the Little Rock metropolitan area, offering a peaceful residential atmosphere with easy access to the vibrant city life. The community is known for its friendly neighborhood vibes and a variety of parks and outdoor activities. Residents enjoy a family-friendly environment with good schools and convenient access to shopping and services.
Current Market Conditions in Shannon Hills, AR
The real estate market in Shannon Hills has remained stable with a gradual increase in home values over the past year. Demand for homes in this quiet suburb has been bolstered by families seeking more space and affordable housing in proximity to Little Rock. Currently, the inventory of available homes is lower than the demand, contributing to a seller's market.
In recent months, Shannon Hills has seen an influx of young families and professionals relocating to the area, spurring further growth and development. As a result, home prices have increased steadily, and properties are spending less time on the market compared to the previous year. This trend indicates a positive outlook for home investments in the area.
Home Value Estimator For Shannon Hills, AR
There are currently 739 real estate properties
in Shannon Hills, AR,
with a median automated valuation model (AVM) price
of $93,454.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shannon Hills, AR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Shannon Hills, AR,
is $113,507.00, with the most expensive house
in Shannon Hills, AR, topping out
at $847,548.00 and the cheapest home
in Shannon Hills, AR,
clocking in at $10,587.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shannon Hills, AR!
Rent Prices
In Shannon Hills, AR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shannon Hills, AR, is on
a rollercoaster ride. The
average rent price in Shannon Hills, AR,
is $988.00. Indeed, when looking to rent in
Shannon Hills, AR, you can expect to pay as little
as $480.00 or as much
as $2,050.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Shannon Hills, AR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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