Benton Housing Market Report December 2024•Saline County, Arkansas

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Housing Prices in Benton, AR

How much do homes in Benton, AR cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Benton is a Seller's Market

Difference Since November 2024

Last month, Benton has remained a Seller's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$240,000$148/SqFt
-$34,500
-12.6%

Based on all homes sold in December 2024

Insight

Homes in Benton have sold for 12.6% less than they did a month ago.

Summary: The median home sold price in Benton was $240,000 in December 2024, down 12.6% from last month, and the median price per square foot was $148.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Bryant Township
+1.2%
Bryant
-3.4%
Bauxite Township
-5.4%
Benton
-12.6%
Salem Township
-31.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$164.4K$199.5K
+21.3%
3$206K$215K
+4.4%
4$394.9K$375K
-5.0%
5$550K$641.5K
+16.6%

Summary: Benton housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +21.3%. The home price for 3 bedroom homes increased by +4.4%. The home price for 4 bedroom homes decreased by -5.0%. The home price for 5 bedroom homes increased by +16.6%.

Housing supply in Benton, AR

How many homes are available in Benton, AR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
292Last MonthDec 2024
2912 months agoNov 2024
0.3 %
Change MoMNov – Dec

Summary: The Benton real estate market had 292 homes for sale in Dec 2024, a .3 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
72Last MonthDec 2024
662 months agoNov 2024
+9.1 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
101
+100.0%
22519
-24.0%
3131134
+2.3%
4122117
-4.1%
51321
+61.5%

Summary: Benton housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -24.0%. The inventory for 3 bedroom homes increased by +2.3%. The inventory for 4 bedroom homes decreased by -4.1%. The inventory for 5 bedroom homes increased by +61.5%.

Asking Price vs. Sold Price

How much do homes in Benton, AR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price10 Homes

At Asking Price26 Homes

Under Asking Price35 Homes

Insight

If you're buying a home in Benton, you may be able to get a good deal. 49.3% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Benton in December 2024, up by 9.1% month-over-month. Of the 71 sold homes, 49% were sold under asking, 37% were sold at asking, and and 14% were sold over asking.

Days on Market for Benton, AR

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days2 Homes

Over 90 Days5 Homes

Insight

Most homes in Benton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 72 homes were sold in Benton; 4% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
73 DaysLast MonthDec 2024
108 Days1 month agoNov 2024
-31.9 %
Change MoMNov – Dec

Summary: Homes in Benton had an average listing age of 73 days in Dec 2024, down by 31.9% compared to the previous month.

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Newest Listings in Benton, AR

What homes are available in Benton, AR?

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Nearby markets

Popular Cities with Homes for Sale in Arkansas

MLS Disclaimers and Copyright

Based on information from Cooperative Arkansas REALTORS® MLS, and Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC for the period 11/01/2024 - 01/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2025 Cooperative Arkansas Realtors MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.