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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rogers is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Rogers, AR

How much do homes in Rogers, AR cost?

Median Sold Price

$375,222

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$7,444(-1.9%)

Key Takeaway

Homes in Rogers have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Rogers was $375,222 in February 2024, down 1.9% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $169K$199.9K
+18.3%
2 $229.5K$265K
+15.5%
3 $285K$314.8K
+10.5%
4 $525.2K$545K
+3.8%
5+ $625K$860K
+37.6%

Summary: Rogers housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 37.6%.

Median Sold Price Compared To Nearby Cities

Lowell
+14.3%
Cave Springs
+6.8%
Bentonville
+6.8%
Rogers
-1.9%
Little Flock
-19.6%

Housing Supply in Rogers, AR

How many homes are available in Rogers, AR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
301324+7.6%

Summary: The Rogers real estate market had 324 homes for sale in February 2024, a 7.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 2830
+7.1%
3 137140
+2.2%
4 86102
+18.6%
5+ 4749
+4.3%

Summary: The Rogers 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 7.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5765+14.0%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rogers, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.

Summary: A total of 65 homes were sold or pending in Rogers in February 2024, up by 14.0% month-over-month. Of the 65 sold homes, 51% were sold under asking, 34% were sold at asking, and 15% were sold over asking.

Days on Market for Rogers, AR

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

Average Sale Time

Feb 2023Feb 2024CHANGE
77 Days97 Days+26.0%

Summary: Homes in Rogers had an average of 97 days on market in Feb 2024, up by 26% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 65 homes were sold in Rogers; 9% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 37% 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

Newest Listings in Rogers, AR

Nearby Markets to Rogers, AR

What housing markets are near Rogers, AR?