Is Bentonville, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bentonville is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Bentonville, AR

How much do homes in Bentonville, AR cost?

Median Sold Price

$462,715

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$29,299(+6.8%)

Key Takeaway

Homes in Bentonville have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Bentonville was $462,715 in February 2024, up 6.8% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $430K$325K
-24.4%
2 $395K$599.9K
+51.9%
3 $330.1K$352.8K
+6.9%
4 $507.2K$513.5K
+1.2%
5+ $746.5K$732.9K
-1.8%

Summary: Bentonville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.4%, 2 bedroom homes increased by 51.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Bentonville
+6.8%
Cave Springs
+6.8%
Centerton
+1.3%
Rogers
-1.9%
Little Flock
-19.6%

Housing Supply in Bentonville, AR

How many homes are available in Bentonville, AR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
300327+9.0%

Summary: The Bentonville real estate market had 327 homes for sale in February 2024, a 9.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2425
+4.2%
3 94103
+9.6%
4 141159
+12.8%
5+ 3938
-2.6%

Summary: The Bentonville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 2.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5961+3.4%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bentonville, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Bentonville in February 2024, up by 3.4% month-over-month. Of the 61 sold homes, 52% were sold under asking, 36% were sold at asking, and 11% were sold over asking.

Days on Market for Bentonville, AR

How long does it take to sell a home in Bentonville, AR?

Average Sale Time

Feb 2023Feb 2024CHANGE
107 Days84 Days-22.0%

Summary: Homes in Bentonville had an average of 84 days on market in Feb 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bentonville has remained consistent over time.

Summary: During February 2024, 61 homes were sold in Bentonville; 11% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 33% 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 28 Days Ago

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