Is Benton County, 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, Benton County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $212.5K | +27.2% |
2 Bedrooms | $240.6K | $281.8K | +17.1% |
3 Bedrooms | $306.1K | $320.2K | +4.6% |
4 Bedrooms | $444K | $470.7K | +6.0% |
5+ Bedrooms | $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 | $171.6K | $227K | +32.3% |
Carroll County | $245K | $260.6K | +6.4% |
Washington County | $324.9K | $339.6K | +4.5% |
Benton County | $350K | $365.2K | +4.3% |
Madison County | $247.5K | $220K | -11.1% |
Housing Supply in Benton County, AR
How many homes are available in Benton County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,009 | 2,028 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 221 | 202 | -8.6% |
3 Bedrooms | 889 | 908 | +2.1% |
4 Bedrooms | 734 | 742 | +1.1% |
5+ Bedrooms | 151 | 161 | +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 2024 | May 2024 | CHANGE |
---|---|---|
469 | 484 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 87 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
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.