Is Benton County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Benton County has remained a Seller's Market.

Key Takeaway

Benton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benton County, AR

How much do homes in Benton County, AR cost?

Median Sold Price

$365,253

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,217(+4.3%)

Key Takeaway

Homes in Benton County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Benton County was $365,253 in May 2024, up 4.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $167K$212.5K
+27.2%
2 $240.6K$281.8K
+17.1%
3 $306.1K$320.2K
+4.6%
4 $444K$470.7K
+6.0%
5+ $657.3K$705.7K
+7.4%

Summary: Benton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.2%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Counties

McDonald County
+32.3%
Carroll County
+6.4%
Washington County
+4.5%
Benton County
+4.3%
Madison County
-11.1%

Housing Supply in Benton County, AR

How many homes are available in Benton County, AR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,0092,028+0.9%

Summary: The Benton County real estate market had 2,028 homes for sale in May 2024, a 0.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1415
+7.1%
2 221202
-8.6%
3 889908
+2.1%
4 734742
+1.1%
5+ 151161
+6.6%

Summary: The Benton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 6.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
469484+3.2%

Asking Price vs. Sold Price

193 Homes Were Sold
Under Asking

205 Homes Were Sold
At Asking

86 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, expect to pay close to the asking price. 42.4% of homes here sold near the asking price last month.

Summary: A total of 484 homes were sold or pending in Benton County in May 2024, up by 3.2% month-over-month. Of the 484 sold homes, 40% were sold under asking, 42% were sold at asking, and 18% were sold over asking.

Days on Market for Benton County, AR

How long does it take to sell a home in Benton County, AR?

Average Sale Time

May 2023May 2024CHANGE
97 Days87 Days-10.0%

Summary: Homes in Benton County had an average of 87 days on market in May 2024, down by 10% compared to last year.

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

256 Homes Were Sold
In 30 - 90 Days

144 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benton County has remained consistent over time.

Summary: During May 2024, 484 homes were sold in Benton County; 15% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Benton County, AR

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