Is Bentonville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Bentonville has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $325K | -24.4% |
2 Bedrooms | $395K | $599.9K | +51.9% |
3 Bedrooms | $330.1K | $352.8K | +6.9% |
4 Bedrooms | $507.2K | $513.5K | +1.2% |
5+ Bedrooms | $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 | $433.4K | $462.7K | +6.8% |
Cave Springs | $515K | $550K | +6.8% |
Centerton | $340K | $344.4K | +1.3% |
Rogers | $382.6K | $375.2K | -1.9% |
Little Flock | $490K | $393.9K | -19.6% |
Housing Supply in Bentonville, AR
How many homes are available in Bentonville, AR?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
300 | 327 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 94 | 103 | +9.6% |
4 Bedrooms | 141 | 159 | +12.8% |
5+ Bedrooms | 39 | 38 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
59 | 61 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
107 Days | 84 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
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.