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 November 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

$379,921

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,256(+5.9%)

Key Takeaway

Homes in Benton County have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Benton County was $379,921 in November 2024, up 5.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $187.5K$279.9K
+49.3%
2 $268.1K$294.1K
+9.7%
3 $316.4K$331.6K
+4.8%
4 $449.9K$484.8K
+7.8%
5+ $675K$744.3K
+10.3%

Summary: Benton County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Counties

McDonald County
+27.6%
Madison County
+15.9%
Benton County
+5.9%
Carroll County
+4.6%
Washington County
+3.1%

Housing Supply in Benton County, AR

How many homes are available in Benton County, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,8751,746-6.9%

Summary: The Benton County real estate market had 1,746 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1821
+16.7%
2 203190
-6.4%
3 869825
-5.1%
4 636579
-9.0%
5+ 149131
-12.1%

Summary: The Benton County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
452372-17.7%

Asking Price vs. Sold Price

172 Homes Were Sold
Under Asking

134 Homes Were Sold
At Asking

66 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 372 homes were sold or pending in Benton County in November 2024, down by 17.7% month-over-month. Of the 372 sold homes, 46% were sold under asking, 36% 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

Nov 2023Nov 2024CHANGE
85 Days89 Days+4.2%

Summary: Homes in Benton County had an average of 89 days on market in Nov 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

212 Homes Were Sold
In 30 - 90 Days

123 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 November 2024, 372 homes were sold in Benton County; 9% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Benton County, AR

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