Market Update

So I haven’t done an update in a while, mainly because when I did other agents would just repost it without doing their own research, then several other agents caught on and decided to do the same thing.

We all are aware that the Bentonville market is tight. Disregard the rest of the country. Disregard the interest rate in most cases. If 1000 new residents are coming here every month, they have to live somewhere. If they can qualify for a loan, they want to buy in many instances.

Many of the outlying areas are becoming more popular, or other cities in the NWA Metro.

The stats right now for Bentonville, for properties less than 2 acres:

Current listings with Bentonville Address

234 listings at an average of 318.32 per sqft and a median of 260.60

135 went pending in the last 30 days at an average of 266.08 per sqft and a median of 231.90

61 sold in the last 30 days with an average sales price of 261.64 per sqft and an average median at 226.76.

This is mid-winter for us so things have been slower than a normal month…current statistics show about a 2 month supply of homes on the market.

Let me know if I can help. I’m one of about 10 or 15 agents in NWA with nearly 40 years in the market.