Is Bentonville, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bentonville is a seller's market

Buyer's
Market

Difference Since August 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

$475,420

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$46,020(+10.7%)

Key Takeaway

Homes in Bentonville have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Bentonville was $475,420 in August 2024, up 10.7% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $377.5K$460.2K
+21.9%
2 $378K$601.5K
+59.1%
3 $342.2K$358.5K
+4.8%
4 $485.3K$523.6K
+7.9%
5+ $695K$750K
+7.9%

Summary: Bentonville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 59.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Centerton
+19.3%
Bentonville
+10.7%
Cave Springs
+4.8%
Rogers
+1.6%

Housing Supply in Bentonville, AR

How many homes are available in Bentonville, AR?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
442441-0.2%

Summary: The Bentonville real estate market had 441 homes for sale in August 2024, a 0.2% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 33
0.0%
2 3635
-2.8%
3 155157
+1.3%
4 191183
-4.2%
5+ 5763
+10.5%

Summary: The Bentonville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
117112-4.3%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bentonville, expect to pay close to the asking price. 40.2% of homes here sold near the asking price last month.

Summary: A total of 112 homes were sold or pending in Bentonville in August 2024, down by 4.3% month-over-month. Of the 112 sold homes, 35% were sold under asking, 40% 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

Aug 2023Aug 2024CHANGE
81 Days91 Days+11.9%

Summary: Homes in Bentonville had an average of 91 days on market in Aug 2024, up by 11.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bentonville has remained consistent over time.

Summary: During August 2024, 112 homes were sold in Bentonville; 14% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 31% 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 19 Days Ago

Newest Listings in Bentonville, AR

Nearby Markets to Bentonville, AR

What housing markets are near Bentonville, AR?