Garfield Housing Market Report May 2025•Benton County, Arkansas

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Housing Prices in Garfield, AR

How much do homes in Garfield, AR cost?

Housing Market Conditions

Is Garfield, 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

Garfield is a Buyer's Market

Difference Since May 2024

At the same time last year, Garfield was a Seller's Market.

Insight

Garfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$460,000$242/SqFt
+$2,500
0.5%

Based on all homes sold in the last 12 months

Insight

Homes in Garfield have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Garfield was $460,000 in May 2025, up 0.5% from last year, and the median price per square foot was $242.

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.
BedsMay 2024May 2025Change YoY
1$187.5K-
N/A
2$357.5K$440K
+23.1%
3$439.9K$430K
-2.3%
4$760K$700K
-7.9%
5$2.1M$895K
-57.4%

Summary: Garfield housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +23.1%. The home price for 3 bedroom homes decreased by -2.3%. The home price for 4 bedroom homes decreased by -7.9%. The home price for 5 bedroom homes decreased by -57.4%.

How does Garfield, AR compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Garfield, AR

Housing supply in Garfield, AR

How many homes are available in Garfield, 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
58Last MonthMay 2025
482 months agoApr 2025
+20.8 %
Change MoMApr – May

Summary: The Garfield real estate market had 58 homes for sale in May 2025, a 20.8 % increase compared to Apr 2025.

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
8Last MonthMay 2025
62 months agoApr 2025
+33.3 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
100
0.0%
235
+66.7%
32328
+21.7%
41922
+15.8%
533
0.0%

Summary: Garfield housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +21.7%. The inventory for 4 bedroom homes increased by +15.8%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Garfield, 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 Price0 Home

At Asking Price3 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Garfield, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Garfield in May 2025, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and and 0% were sold over asking.

Days on Market for Garfield, AR

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

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days5 Homes

Over 90 Days2 Homes

Insight

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

Summary: During May 2025, 8 homes were sold in Garfield; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% 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.
This Year1 year agoChange YoY
83 DaysThis YearMay 2025
98 Days1 year agoMay 2024
-15.8 %
Change YoYMay 2024 – May 2025

Summary: Homes in Garfield had an average listing age of 83 days in May 2025, down by 15.8% compared to the previous year.

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Newest Listings in Garfield, AR

What homes are available in Garfield, AR?

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Nearby markets aren't available for Garfield, AR

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MLS Disclaimers and Copyright

Based on information from ArkansasONE MLS, Cooperative Arkansas REALTORS® MLS, and Ozark Gateway MLS for the period 06/01/2023 - 06/01/2025

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: 6/12/2025, 6:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 6/12/2025, 6:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is deemed to be reliable, but is not guaranteed. © 2025 MLS. Prepared by Ozark Gateway Association of REALTORS®. The information on this sheet has been made available by the MLS and may not be the listing of the provider. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor OZARK GATEWAY ASSOCIATION OF REALTORS shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.