Is Bentonville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$479,232
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bentonville was $479,232 in April 2024, up 12.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $420K | -2.3% |
2 Bedrooms | $367.2K | $603.2K | +64.3% |
3 Bedrooms | $339.3K | $351.7K | +3.7% |
4 Bedrooms | $492.2K | $524.5K | +6.6% |
5+ Bedrooms | $744.1K | $737.5K | -0.9% |
Summary: Bentonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 64.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
Bentonville | $426.1K | $479.2K | +12.4% |
Centerton | $330.4K | $360K | +8.9% |
Cave Springs | $519.3K | $551.2K | +6.1% |
Rogers | $384.5K | $374.2K | -2.7% |
Housing Supply in Bentonville, AR
How many homes are available in Bentonville, AR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
356 | 399 | +12.1% |
Summary: The Bentonville real estate market had 399 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 24 | 29 | +20.8% |
3 Bedrooms | 118 | 145 | +22.9% |
4 Bedrooms | 166 | 174 | +4.8% |
5+ Bedrooms | 44 | 47 | +6.8% |
Summary: The Bentonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 88 | +27.5% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Bentonville in April 2024, up by 27.5% month-over-month. Of the 87 sold homes, 52% were sold under asking, 29% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
108 Days | 76 Days | -29.3% |
Summary: Homes in Bentonville had an average of 76 days on market in Apr 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 88 homes were sold in Bentonville; 11% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.