Is Benton County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton County has remained a Seller's Market.
Housing Prices in Benton County, AR
How much do homes in Benton County, AR cost?
Median Sold Price
$364,470
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton County was $364,470 in April 2024, up 4.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $221.2K | +50.0% |
2 Bedrooms | $238.6K | $279.3K | +17.0% |
3 Bedrooms | $304.7K | $319.9K | +5.0% |
4 Bedrooms | $458K | $471.9K | +3.0% |
5+ Bedrooms | $651.9K | $699.9K | +7.4% |
Summary: Benton County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Counties
McDonald County | $158K | $216.5K | +37.0% |
Carroll County | $240K | $259K | +7.9% |
Washington County | $319.6K | $338.9K | +6.0% |
Benton County | $349.9K | $364.4K | +4.1% |
Madison County | $250K | $212.5K | -15.0% |
Housing Supply in Benton County, AR
How many homes are available in Benton County, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,841 | 1,879 | +2.1% |
Summary: The Benton County real estate market had 1,879 homes for sale in April 2024, a 2.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 205 | 212 | +3.4% |
3 Bedrooms | 842 | 856 | +1.7% |
4 Bedrooms | 652 | 658 | +0.9% |
5+ Bedrooms | 131 | 140 | +6.9% |
Summary: The Benton County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 6.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
384 | 454 | +18.2% |
Asking Price vs. Sold Price
209 Homes Were Sold
Under Asking
162 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Summary: A total of 454 homes were sold or pending in Benton County in April 2024, up by 18.2% month-over-month. Of the 453 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 83 Days | 0.2% |
Summary: Homes in Benton County had an average of 83 days on market in Apr 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
259 Homes Were Sold
In 30 - 90 Days
134 Homes Were Sold
Over 90 Days
Summary: During April 2024, 454 homes were sold in Benton County; 12% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.