Is Benton, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Benton has remained a Seller's Market.
Key Takeaway
Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton, AR
How much do homes in Benton, AR cost?
Median Sold Price
$274,666
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Benton have sold for 17.1% less than they did a year ago.
Summary: The median home sold price in Benton was $274,666 in March 2024, down 17.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $46.2K | $124K | +168.1% |
| 3 Bedrooms | $306.4K | $210K | -31.5% |
| 4 Bedrooms | $372.5K | $380.4K | +2.1% |
| 5+ Bedrooms | $895K | $572.2K | -36.1% |
Summary: Benton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 168.1%, 3 bedroom homes decreased by 31.5%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 36.1%.
Housing Supply in Benton, AR
How many homes are available in Benton, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 242 | 280 | +15.7% |
Summary: The Benton real estate market had 280 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 107 | 115 | +7.5% |
| 4 Bedrooms | 104 | 127 | +22.1% |
| 5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The Benton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Benton in March 2024, up by 16.9% month-over-month. Of the 67 sold homes, 43% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Benton, AR
How long does it take to sell a home in Benton, AR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 341 Days | 111 Days | -67.4% |
Summary: Homes in Benton had an average of 111 days on market in Mar 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 69 homes were sold in Benton; 1% 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.
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.