$795,000
0.21 Acres
Land
Listing Office: Better Homes and Gardens Real Estate Journey Bento
Is Bentonville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$480,167
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,659(+7.8%)
Key Takeaway
Homes in Bentonville have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Bentonville was $480,167 in November 2024, up 7.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $460.2K | +21.9% |
| 2 Bedrooms | $455K | $579.9K | +27.5% |
| 3 Bedrooms | $345K | $369.8K | +7.2% |
| 4 Bedrooms | $486.9K | $529K | +8.6% |
| 5+ Bedrooms | $707.8K | $810K | +14.4% |
Summary: Bentonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Centerton | $344.9K | $401.7K | +16.5% |
| Rogers | $379.4K | $420K | +10.7% |
| Bentonville | $445.5K | $480.1K | +7.8% |
| Cave Springs | $544K | $563.6K | +3.6% |
Housing Supply in Bentonville, AR
How many homes are available in Bentonville, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 397 | 371 | -6.5% |
Summary: The Bentonville real estate market had 371 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 138 | 140 | +1.4% |
| 4 Bedrooms | 167 | 140 | -16.2% |
| 5+ Bedrooms | 53 | 46 | -13.2% |
Summary: The Bentonville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 13.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 112 | 80 | -28.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
31 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. 38.8% of homes here sold near the asking price last month.
Summary: A total of 80 homes were sold or pending in Bentonville in November 2024, down by 28.6% month-over-month. Of the 80 sold homes, 36% were sold under asking, 39% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 74 Days | -15.5% |
Summary: Homes in Bentonville had an average of 74 days on market in Nov 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bentonville has remained consistent over time.
Summary: During November 2024, 80 homes were sold in Bentonville; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 28% 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.