Is Benton, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Benton has remained a Seller's Market.
Key Takeaway
Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton, AR
How much do homes in Benton, AR cost?
Median Sold Price
$265,000
$148/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Benton have sold for 3.9% more than they did a month ago.
Summary: The median home sold price in Benton was $265,000 in May 2024, up 3.9% from last month, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | - | N/A |
| 2 Bedrooms | $140.5K | $105K | -25.3% |
| 3 Bedrooms | $205K | $219K | +6.8% |
| 4 Bedrooms | $402.2K | $401.4K | -0.2% |
| 5+ Bedrooms | $642K | $487.5K | -24.1% |
Summary: Benton housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Salem Township | $228.9K | $287.5K | +25.6% |
| Bauxite Township | $225K | $245K | +8.9% |
| Benton | $255K | $265K | +3.9% |
| Bryant Township | $321.5K | $286.2K | -11.0% |
| Bryant | $325K | $287.5K | -11.5% |
Housing Supply in Benton, AR
How many homes are available in Benton, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 294 | 300 | +2.0% |
Summary: The Benton real estate market had 300 homes for sale in May 2024, a 2.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 131 | 126 | -3.8% |
| 4 Bedrooms | 123 | 128 | +4.1% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Benton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 43.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 89 | +18.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.
Summary: A total of 89 homes were sold or pending in Benton in May 2024, up by 18.7% month-over-month. Of the 82 sold homes, 43% were sold under asking, 32% were sold at asking, and 26% were sold over asking.
Days on Market for Benton, AR
How long does it take to sell a home in Benton, AR?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 Days | 134 Days | -8.9% |
Summary: Homes in Benton had an average of 134 days on market in May 2024, down by 8.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 89 homes were sold in Benton; 1% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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.