Is Bella Vista, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bella Vista has remained a Seller's Market.
Key Takeaway
Bella Vista is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bella Vista, AR
How much do homes in Bella Vista, AR cost?
Median Sold Price
$339,797
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bella Vista have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Bella Vista was $339,797 in May 2024, up 1.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $213K | +0.7% |
| 2 Bedrooms | $249.6K | $288.5K | +15.6% |
| 3 Bedrooms | $340K | $344.9K | +1.5% |
| 4 Bedrooms | $439.9K | $447.9K | +1.8% |
| 5+ Bedrooms | $494.9K | $501.5K | +1.3% |
Summary: Bella Vista housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Bentonville | $428.9K | $475.6K | +10.9% |
| Bella Vista | $336.2K | $339.7K | +1.1% |
| Pea Ridge | $363.7K | $365.2K | 0.4% |
Housing Supply in Bella Vista, AR
How many homes are available in Bella Vista, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 509 | 484 | -4.9% |
Summary: The Bella Vista real estate market had 484 homes for sale in May 2024, a 4.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 123 | 104 | -15.4% |
| 3 Bedrooms | 294 | 291 | -1.0% |
| 4 Bedrooms | 83 | 74 | -10.8% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Bella Vista housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 141 | 118 | -16.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bella Vista, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 118 homes were sold or pending in Bella Vista in May 2024, down by 16.3% month-over-month. Of the 118 sold homes, 47% were sold under asking, 38% were sold at asking, and 14% were sold over asking.
Days on Market for Bella Vista, AR
How long does it take to sell a home in Bella Vista, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 76 Days | 76 Days | +0.5% |
Summary: Homes in Bella Vista had an average of 76 days on market in May 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bella Vista has remained consistent over time.
Summary: During May 2024, 118 homes were sold in Bella Vista; 8% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.