A Look Back at Bentonville Pricing

I did a blog back in August 2023 referencing the pricing of homes by distance from the square. Thought I’d do it again and let’s compare.

2023 - 1/2 mile - average price is 527 per sqft and a median of 650

2025 - 1/2 mile - average price is 592 per sqft and a median of 551

2023 1 mile - average price is 461 per sqft and a median of 485

2025 - average price is 491 per sqft and median is 538

2023 - 1 1/2 mile - average price is 279 per sqft and a median of 301 per sqft

2025 - average price is 510 per sqft and median is 475

2023 - 2 miles - average price is 204 per sqft and a median of 277

2025 - average price is 486 per sqft and median is 455

2023 - 2 1/2 miles - average price is 197 per sqft and the median is the same, 197 per sqft

2025 - average price is 443 per sqft and median is 431

So what does this tell us? I’m going to start by asking “what is actually considered downtown?” There was a time that “Downtown” meant the area around the square with a 1/2 mile. This was the most desirable, and still is. But today more people consider downtown to be with a couple of miles of the square, or biking distance. You can see in the numbers that the pricing within a half mile haven’t changed much, less than 10% increase in median price. 1 mile is similar, up about 8%. At one and a half mile those prices are up 180%. 2 miles is up 160%. And 2 1/2 miles from the square is up 212%!

What does this mean? That the prices of properties in Bentonville in relationship to the square have risen exponentially and the proximity to the square is not as important as it once was, due to additional things such as bike trails, Crystal Bridges, the new medical school and the new home office complex.

Call me if you want to talk about buying or selling, 38 years selling the Bentonville market. 479-903-0328