Is Bentonville, 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, Bentonville has remained a Seller's Market.
Key Takeaway
Bentonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bentonville, AR
How much do homes in Bentonville, AR cost?
Median Sold Price
$475,609
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bentonville have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Bentonville was $475,609 in May 2024, up 10.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $515K | +36.4% |
| 2 Bedrooms | $360K | $595K | +65.3% |
| 3 Bedrooms | $337.1K | $356K | +5.6% |
| 4 Bedrooms | $488.6K | $520.4K | +6.5% |
| 5+ Bedrooms | $755K | $735K | -2.6% |
Summary: Bentonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 65.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Bentonville | $428.9K | $475.6K | +10.9% |
| Centerton | $339.9K | $373.7K | +9.9% |
| Cave Springs | $520.5K | $550K | +5.7% |
| Rogers | $396.6K | $374.4K | -5.6% |
Housing Supply in Bentonville, AR
How many homes are available in Bentonville, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 431 | 465 | +7.9% |
Summary: The Bentonville real estate market had 465 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 33 | 35 | +6.1% |
| 3 Bedrooms | 149 | 161 | +8.1% |
| 4 Bedrooms | 198 | 214 | +8.1% |
| 5+ Bedrooms | 47 | 52 | +10.6% |
Summary: The Bentonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 110 | +23.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
61 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bentonville, expect to pay close to the asking price. 55.5% of homes here sold near the asking price last month.
Summary: A total of 110 homes were sold or pending in Bentonville in May 2024, up by 23.6% month-over-month. Of the 110 sold homes, 26% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for Bentonville, AR
How long does it take to sell a home in Bentonville, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 148 Days | 81 Days | -44.9% |
Summary: Homes in Bentonville had an average of 81 days on market in May 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bentonville has remained consistent over time.
Summary: During May 2024, 110 homes were sold in Bentonville; 21% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 23% 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.