Is Benton County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$368,023
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Benton County was $368,023 in June 2024, up 5.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $259K | +57.0% |
2 Bedrooms | $245K | $286.1K | +16.8% |
3 Bedrooms | $307.8K | $322.5K | +4.8% |
4 Bedrooms | $445.2K | $475.7K | +6.9% |
5+ Bedrooms | $660.8K | $699.9K | +5.9% |
Summary: Benton County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Counties
McDonald County | $173.5K | $226K | +30.3% |
Benton County | $349.9K | $368K | +5.2% |
Carroll County | $245K | $256.3K | +4.6% |
Washington County | $325.6K | $340K | +4.4% |
Madison County | $245K | $212.5K | -13.3% |
Housing Supply in Benton County, AR
How many homes are available in Benton County, AR?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,152 | 1,992 | -7.4% |
Summary: The Benton County real estate market had 1,992 homes for sale in June 2024, a 7.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 16 | 0.0% |
2 Bedrooms | 216 | 214 | -0.9% |
3 Bedrooms | 943 | 898 | -4.8% |
4 Bedrooms | 813 | 715 | -12.1% |
5+ Bedrooms | 164 | 149 | -9.1% |
Summary: The Benton County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
522 | 515 | -1.3% |
Asking Price vs. Sold Price
209 Homes Were Sold
Under Asking
221 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Summary: A total of 515 homes were sold or pending in Benton County in June 2024, down by 1.3% month-over-month. Of the 515 sold homes, 41% were sold under asking, 43% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
84 Days | 83 Days | -0.2% |
Summary: Homes in Benton County had an average of 83 days on market in Jun 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
304 Homes Were Sold
In 30 - 90 Days
150 Homes Were Sold
Over 90 Days
Summary: During June 2024, 515 homes were sold in Benton County; 11% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.