Is Benton County, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Benton County has remained a Seller's Market.

Key Takeaway

Benton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benton County, AR

How much do homes in Benton County, AR cost?

Median Sold Price

$362,109

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,103(+3.5%)

Key Takeaway

Homes in Benton County have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Benton County was $362,109 in March 2024, up 3.5% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $147.5K$230K
+55.9%
2 $236.2K$275K
+16.4%
3 $304.4K$319.9K
+5.1%
4 $463.3K$467.8K
+1.0%
5+ $650K$699.9K
+7.7%

Summary: Benton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.9%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Counties

McDonald County
+26.5%
Carroll County
+6.6%
Washington County
+4.8%
Benton County
+3.5%
Madison County
-15.1%

Housing Supply in Benton County, AR

How many homes are available in Benton County, AR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,6481,777+7.8%

Summary: The Benton County real estate market had 1,777 homes for sale in March 2024, a 7.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 69
+50.0%
2 181200
+10.5%
3 740827
+11.8%
4 596614
+3.0%
5+ 125127
+1.6%

Summary: The Benton County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
297364+22.6%

Asking Price vs. Sold Price

161 Homes Were Sold
Under Asking

142 Homes Were Sold
At Asking

61 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.

Summary: A total of 364 homes were sold or pending in Benton County in March 2024, up by 22.6% month-over-month. Of the 364 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% 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

Mar 2023Mar 2024CHANGE
98 Days96 Days-1.8%

Summary: Homes in Benton County had an average of 96 days on market in Mar 2024, down by 1.8% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

188 Homes Were Sold
In 30 - 90 Days

139 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benton County has remained consistent over time.

Summary: During March 2024, 364 homes were sold in Benton County; 9% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 38% 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 22 Days Ago

Newest Listings in Benton County, AR

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