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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Benton Township, AR

How much do homes in Benton Township, AR cost?

Median Sold Price

$249,206

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$57,515(-18.8%)

Key Takeaway

Homes in Benton Township have sold for 18.8% less than they did a year ago.

Summary: The median home sold price in Benton Township was $249,206 in December 2024, down 18.8% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$50K
N/A
2 $109K$139.9K
+28.3%
3 $211.5K$217.7K
+3.0%
4 $346K$379.9K
+9.8%
5+ $569.4K$629K
+10.5%

Summary: Benton Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 10.5%.

Housing Supply in Benton Township, AR

How many homes are available in Benton Township, AR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
292294+0.7%

Summary: The Benton Township real estate market had 294 homes for sale in December 2024, a 0.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 2519
-24.0%
3 132136
+3.0%
4 122117
-4.1%
5+ 1321
+61.5%

Summary: The Benton Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 61.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
6673+10.6%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Benton Township in December 2024, up by 10.6% month-over-month. Of the 72 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.

Days on Market for Benton Township, AR

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

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Benton Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 73 homes were sold in Benton Township; 4% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in Benton Township, AR

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