Pea Ridge Housing Market Report December 2024•Benton County, Arkansas

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Housing Prices in Pea Ridge, AR

How much do homes in Pea Ridge, AR cost?

Housing Market Conditions

Is Pea Ridge, 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

Pea Ridge is a Seller's Market

Difference Since December 2023

Since last year, Pea Ridge has remained a Seller's Market.

Insight

Pea Ridge 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.
$365,000$190/SqFt
-$500
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Pea Ridge has remained the same since last year.

Summary: The median home sold price in Pea Ridge was $365,000 in December 2024, down 0.1% from last year, and the median price per square foot was $190.

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.
BedsDec 2023Dec 2024Change YoY
1-$299K
N/A
2$177.5K$197.5K
+11.3%
3$303.2K$316.6K
+4.4%
4$414K$415K
0.2%
5$397K$396.8K
0.0%

Summary: Pea Ridge housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.3%. The home price for 3 bedroom homes increased by +4.4%. The home price for 4 bedroom homes increased by 0.2%. The home price for 5 bedroom homes decreased by 0.0%.

Housing supply in Pea Ridge, AR

How many homes are available in Pea Ridge, 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
107Last MonthDec 2024
1312 months agoNov 2024
-18.3 %
Change MoMNov – Dec

Summary: The Pea Ridge real estate market had 107 homes for sale in Dec 2024, a 18.3 % 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
34Last MonthDec 2024
372 months agoNov 2024
-8.1 %
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
100
0.0%
244
0.0%
35648
-14.3%
46953
-23.2%
522
0.0%

Summary: Pea Ridge housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -14.3%. The inventory for 4 bedroom homes decreased by -23.2%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Pea Ridge, 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 Price3 Homes

At Asking Price20 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in Pea Ridge, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.

Summary: A total of 34 homes were sold or pending in Pea Ridge in December 2024, down by 8.1% month-over-month. Of the 34 sold homes, 32% were sold under asking, 59% were sold at asking, and and 9% were sold over asking.

Days on Market for Pea Ridge, AR

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days20 Homes

Over 90 Days11 Homes

Insight

Avg time on Rocket Homes in Pea Ridge has remained consistent over time.

Summary: During December 2024, 34 homes were sold in Pea Ridge; 6% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 32% 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
116 DaysThis YearDec 2024
118 Days1 year agoDec 2023
-1.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Pea Ridge had an average listing age of 116 days in Dec 2024, down by 1.5% compared to the previous year.

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Newest Listings in Pea Ridge, AR

What homes are available in Pea Ridge, AR?

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MLS Disclaimers and Copyright

Based on information from Northwest Arkansas Board of Realtors MLS / Arkansas Regional MLS LLC, and Western River Valley Board of REALTORS® MLS for the period 01/01/2023 - 01/01/2025

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: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Western River Valley Board of REALTORS® MLS. All rights reserved. Listing information provided in part by the Western River Valley BOR MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Information is deemed reliable but not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.