Is Rogers, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rogers has remained a Seller's Market.
Housing Prices in Rogers, AR
How much do homes in Rogers, AR cost?
Median Sold Price
$374,409
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rogers was $374,409 in May 2024, down 5.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $210K | +24.3% |
2 Bedrooms | $247K | $283K | +14.6% |
3 Bedrooms | $304K | $314.9K | +3.6% |
4 Bedrooms | $557.1K | $539.6K | -3.1% |
5+ Bedrooms | $689.9K | $765K | +10.9% |
Summary: Rogers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
Bentonville | $428.9K | $475.6K | +10.9% |
Lowell | $315K | $344K | +9.2% |
Cave Springs | $520.5K | $550K | +5.7% |
Rogers | $396.6K | $374.4K | -5.6% |
Housing Supply in Rogers, AR
How many homes are available in Rogers, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
392 | 385 | -1.8% |
Summary: The Rogers real estate market had 385 homes for sale in May 2024, a 1.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 32 | +3.2% |
3 Bedrooms | 162 | 155 | -4.3% |
4 Bedrooms | 144 | 140 | -2.8% |
5+ Bedrooms | 52 | 55 | +5.8% |
Summary: The Rogers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 5.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 119 | +15.5% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Rogers in May 2024, up by 15.5% month-over-month. Of the 119 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 76 Days | +13.5% |
Summary: Homes in Rogers had an average of 76 days on market in May 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During May 2024, 119 homes were sold in Rogers; 18% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.