Is Centerton, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centerton has remained a Seller's Market.
Key Takeaway
Centerton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerton, AR
How much do homes in Centerton, AR cost?
Median Sold Price
$373,729
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centerton have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Centerton was $373,729 in May 2024, up 9.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.4K | $232K | +29.4% |
| 3 Bedrooms | $295.9K | $308K | +4.1% |
| 4 Bedrooms | $385K | $457K | +18.7% |
| 5+ Bedrooms | $545K | $647.9K | +18.9% |
Summary: Centerton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Bentonville | $428.9K | $475.6K | +10.9% |
| Centerton | $339.9K | $373.7K | +9.9% |
Housing Supply in Centerton, AR
How many homes are available in Centerton, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 175 | +1.7% |
Summary: The Centerton real estate market had 175 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 55 | 55 | 0.0% |
| 4 Bedrooms | 89 | 94 | +5.6% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Centerton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 46 | +48.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerton, expect to pay close to the asking price. 58.7% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in Centerton in May 2024, up by 48.4% month-over-month. Of the 46 sold homes, 26% were sold under asking, 59% were sold at asking, and 15% were sold over asking.
Days on Market for Centerton, AR
How long does it take to sell a home in Centerton, AR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 174 Days | 130 Days | -25.0% |
Summary: Homes in Centerton had an average of 130 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Centerton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 46 homes were sold in Centerton; 7% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.