Is Benton County, 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 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
$362,109
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $230K | +55.9% |
2 Bedrooms | $236.2K | $275K | +16.4% |
3 Bedrooms | $304.4K | $319.9K | +5.1% |
4 Bedrooms | $463.3K | $467.8K | +1.0% |
5+ Bedrooms | $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 | $167.2K | $211.5K | +26.5% |
Carroll County | $241.6K | $257.5K | +6.6% |
Washington County | $319.9K | $335.2K | +4.8% |
Benton County | $350K | $362.1K | +3.5% |
Madison County | $245K | $208K | -15.1% |
Housing Supply in Benton County, AR
How many homes are available in Benton County, AR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,648 | 1,777 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 181 | 200 | +10.5% |
3 Bedrooms | 740 | 827 | +11.8% |
4 Bedrooms | 596 | 614 | +3.0% |
5+ Bedrooms | 125 | 127 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
297 | 364 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
98 Days | 96 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
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.