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 October 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

$379,391

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,169(+6.8%)

Key Takeaway

Homes in Benton County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Benton County was $379,391 in October 2024, up 6.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $180K$269.9K
+49.9%
2 $255.7K$293.8K
+14.9%
3 $315.9K$329.9K
+4.4%
4 $449.9K$484.4K
+7.7%
5+ $675K$737.1K
+9.2%

Summary: Benton County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.9%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Counties

McDonald County
+27.5%
Madison County
+12.6%
Carroll County
+8.3%
Benton County
+6.8%
Washington County
+2.9%

Housing Supply in Benton County, AR

How many homes are available in Benton County, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,8561,848-0.4%

Summary: The Benton County real estate market had 1,848 homes for sale in October 2024, a 0.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1721
+23.5%
2 204211
+3.4%
3 858861
0.3%
4 638605
-5.2%
5+ 139150
+7.9%

Summary: The Benton County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 7.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
430418-2.8%

Asking Price vs. Sold Price

186 Homes Were Sold
Under Asking

153 Homes Were Sold
At Asking

77 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. 44.7% of homes here sold below asking price last month.

Summary: A total of 418 homes were sold or pending in Benton County in October 2024, down by 2.8% month-over-month. Of the 416 sold homes, 45% were sold under asking, 37% were sold at asking, and 19% 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

Oct 2023Oct 2024CHANGE
75 Days93 Days+24.0%

Summary: Homes in Benton County had an average of 93 days on market in Oct 2024, up by 24% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

222 Homes Were Sold
In 30 - 90 Days

146 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 October 2024, 418 homes were sold in Benton County; 11% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 35% 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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