Why Live in Malvern
Malvern, known as "The Brick Capital of the World," is a neighborhood characterized by its historic downtown buildings made from locally sourced clay. Situated on the eastern edge of the Ouachita Mountains, Malvern offers a mix of brick homes from the 1970s and large lots, often preferred by residents for their privacy. The median home price is notably below the state average, attracting homebuyers seeking value. The neighborhood is conveniently located near Interstate 30, with Hot Springs about 20 miles northwest and Little Rock approximately 45 miles northeast. Local attractions include Ouachita River Whitewater Park, which offers kayaking and fishing, and Malvern City Park with its athletic facilities and playground. The Hot Spring County Museum and Game Craz Arcade provide cultural and recreational activities. Monthly car shows, the annual Malvern Rodeo, and events at the Hot Spring County Fairgrounds are popular community gatherings. South Main Street serves as the shopping hub, featuring a mix of retail boutiques, chain restaurants, and local eateries like El Parian Mexican Restaurant. Despite experiencing hot summers and wet winters, Malvern's crime rates have dropped in recent years. The Malvern School District serves nearly 2,000 students across four schools, with the high school drawing large crowds for its football games.
Home Trends in Malvern, AR
On average, homes in Malvern, AR sell after 57 days on the market compared to the national average of 50 days. The median sale price for homes in Malvern, AR over the last 12 months is $162,200, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$162,200
Median Single Family Sale Price
$162,200
Average Price Per Sq Ft
$126
Number of Homes for Sale
61
Last 12 months Home Sales
231
Median List Price
$170,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
1%