Here's the honest answer up front: Siloam Springs buyers have plenty to choose from, and the homes priced right are still selling in about three weeks.
That's a pretty good spot for just about everybody. Buyers get room to breathe and negotiate, and sellers who price it right are still getting close to asking. Below are the numbers straight from the MLS, what we think they mean, and a quick tour of the town we love working in.
The Numbers, in Plain English
Prices: up, modestly. The median single-family home in Siloam Springs sold for $289,118 over the last 12 months, up 5.2% from the 12 months before. Over the last 90 days, the median was $300,063. The 12-month average was higher, $323,796, because a handful of pricier homes pull it up. That’s why we lead with the median.
Inventory: buyers have options. As of Sep 28 there were 152 single-family homes for sale in town and 44 pending. At the past year’s sales pace, that’s about 4.3 months of supply. And 75 of those 152 listings, about half, have had a price reduction since they first hit the market.
Speed: the good ones still go fast. Homes that sold in the last 90 days spent a median of 21.5 days on the market and closed at 98.8% of list price. Over the full 12 months: 30 days and 98.1%. Meanwhile, homes still for sale have been listed a median of 73 days.
The gap worth knowing: the median asking price of homes on the market today is $386,250. The median sale over the last 90 days was about $300,000. Different houses, sure. But a lot of that gap is sitting in the price-cut pile.
So what’s the market doing? Across the region, the University of Arkansas’s Skyline Report calls Northwest Arkansas a buyer’s market. Siloam Springs is somewhere in between: plenty to choose from and lots of price cuts, but homes priced right still sell fast and close near asking.
All figures above: NWA MLS, single-family homes in the city of Siloam Springs, pulled Sep 28, 2026.
A note on other numbers you might see. Public sites can tell a different story on price. Redfin’s city page, for example, showed its median sale price lower than a year earlier for June through August. Redfin counts all home types, townhomes and condos included, over a three-month window, and a small sample swings with the mix of homes that happened to sell. The MLS figures above are single-family only, which is why we use them. Zillow’s home value index for single-family homes in the city was up 2.4% year over year in August. And Realtor.com’s research data (ZIP 72761, all home types) showed active listings up 40.5% from a year earlier in August, which matches what we see: more to choose from.
Why Folks Keep Moving Here
Siloam Springs is growing, and fast. The Census Bureau counted 17,287 people in 2020 and estimates 21,298 as of July 2025. KUAF puts growth at about 3.5% a year, and KHBS reported that new Census data ranked Siloam Springs second in growth among Arkansas cities of 20,000 or more.
Housing hasn’t kept up. As city senior planner Ben Rhoads told KHBS, “Everyone is competing basically for the same houses.” Builders pulled only 33 residential permits in the first half of 2026. Apartment vacancy was 2.3%, the lowest in Northwest Arkansas (Skyline Report).
The city is working on it. There’s a housing incentives program in development, and on November 3 voters will decide whether to replace an existing 5/8-cent sales tax to fund up to $55 million in wastewater upgrades (the city says the rate wouldn’t go up). That’s not glamorous, but sewer capacity is what lets a town keep building.
And people have real jobs here. The city’s economic development office lists Simmons Foods, Cobb-Vantress, Gates Corporation, John Brown University, La-Z-Boy and DaySpring among the larger employers. A lot of our neighbors never touch I-49 on a weekday.
What This Means for You
If You’re Buying
- You’ve got real leverage on a lot of homes. With about half of listings already reduced and about 4.3 months of supply, it’s reasonable to ask for repairs, closing-cost help, or a better price, especially on homes that have been sitting.
- Don’t assume every seller will budge. The well-priced homes have been selling in about three weeks at nearly 99% of list. Get pre-approved now so you can move when the right one shows up.
- Compare both sides of the line. A home five minutes west in Oklahoma can mean different taxes, utilities and schools. Sometimes that’s a win, sometimes it isn’t. Run the numbers on the actual house.
If You’re Selling
- Price off what’s selling, not what’s listed. Recent sales closed at 98.8% of list price. The homes that didn’t sell fast are the ones in that half-of-listings price-cut pile. Remember the gap: about $300,000 median sale vs. $386,250 median ask.
- Presentation matters more with more competition. Fix the small stuff, deep clean, and get great photos. Buyers have about 150 houses to compare yours with.
- The long game is on your side. A town growing about 3.5% a year with slow new construction is a good place to own. That’s not a price promise, just the supply-and-demand backdrop.
Life in Siloam Springs: The Short Tour
Downtown is the heart of it. City Park sits right in the middle (the city is giving its gazebo a fresh new look), with shops and restaurants around it. The last full weekend in April, the Dogwood Festival takes over downtown, and the Chamber says it draws more than 40,000 people.
The river is the other draw. The Siloam Springs Kayak Park on the Illinois River, off Fisher Ford Road south of town, has about 700 feet of Class I–II rapids, riverbank access and trails. Summer weekends get busy, and the park has charged a parking fee in peak season, so go early. About 15 minutes west, Natural Falls State Park in Oklahoma has a 77-foot waterfall that’s worth the drive.
Learning: Most of the city is in the Siloam Springs School District, and the Career Academy of Siloam Springs offers hands-on technical training. John Brown University, a private Christian university, is right in town. District lines don’t always follow city limits, so check any address with the district.
Getting around (approximate, typical routes): XNA in about 35 minutes, Fayetteville about 45, Bentonville and Rogers about 45–50, Tahlequah about an hour, and downtown Tulsa about an hour and 35 minutes via US 412.
Nearby Oklahoma Options
Siloam Springs sits right on the border, so plenty of our buyers look west, too. West Siloam Springs starts about where the city ends on US 412, and Colcord is roughly 25 minutes out on State Highway 116. Both are Oklahoma towns, so taxes, utilities and school districts work differently. Here’s the quick version.
The State-Line Math, Quickly
- Income tax: Arkansas’s top rate dropped to 3.7% for 2026. Oklahoma’s is 4.5%.
- Arkansas property tax: Property is assessed at 20% of appraised value, then local millage applies. The homestead credit is $600 in Benton County now and rises to $675 starting in 2027.
- Oklahoma property tax: 11–13.5% of fair cash value is assessed, there’s a $1,000 homestead exemption, and taxable value on a homestead is generally capped at 3% growth a year.
- Work in one state, live in the other? You’ll likely file in both. Talk to a tax pro.