Is Benton, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Benton was a Buyer's Market.
Housing Prices in Benton, AR
How much do homes in Benton, AR cost?
Median Sold Price
$263,538
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton was $263,538 in April 2024, down 24.4% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $46.2K | $126.2K | +173.0% |
3 Bedrooms | $306.4K | $208.5K | -32.0% |
4 Bedrooms | $372.5K | $378.3K | +1.5% |
5+ Bedrooms | $489.9K | $591.7K | +20.8% |
Summary: Benton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 173%, 3 bedroom homes decreased by 32%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in Benton, AR
How many homes are available in Benton, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
286 | 289 | +1.0% |
Summary: The Benton real estate market had 289 homes for sale in April 2024, a 1.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 116 | 125 | +7.8% |
4 Bedrooms | 122 | 119 | -2.5% |
5+ Bedrooms | 25 | 22 | -12.0% |
Summary: The Benton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 12%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 69 | -5.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Benton in April 2024, down by 5.5% month-over-month. Of the 64 sold homes, 38% were sold under asking, 39% were sold at asking, and 23% were sold over asking.
Days on Market for Benton, AR
How long does it take to sell a home in Benton, AR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
393 Days | 171 Days | -56.5% |
Summary: Homes in Benton had an average of 171 days on market in Apr 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 69 homes were sold in Benton; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.