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May 05, 2021
The current Northwest Arkansas housing market is still seeing an extreme shortage of inventory which has exponentially increased demand. If data and stats is your thing, each month we put together the most up-to-date market statistics for the NWA Real Estate on our website. Click here to access the full list.
We have condensed insights below for a quick 2 min read or click to see a 30-second video.
Number of Active Listings
NWA: 597 Active Listings – Down 69% from the prior year
Bentonville: 83 Active Listings- Down 65% from the prior year
Rogers: 70 Active Listings- Down 76% since from the prior year
Fayetteville: 148 Active Listings- Down 61% from the prior year
Summary: With few homes for sale, your home will sell quickly!
*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*
Median Listing Price
NWA: $345,000 compared to $289,000 in March 2020
Bentonville: $508,000 compared to $395,000 in March 2020
Rogers: $409,000 compared to $350,000 in March 2020
Fayetteville: $399,000 compared to $330,000 in March 2020
Summary: Home values up, up, up
*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*
Median Sales Price
NWA: $250,000 compared to $223,000 in March 2020
Bentonville: $285,000 compared to $289,000 in March 2020
Rogers: $295,000 compared to $245,000 in March 2020
Fayetteville: $294,000 compared to $272,000 in March 2020
Summary: Homes are selling for more $$
*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*
NWA: 37 days- Dropped 30% since March 2020
Bentonville: 25 days- Dropped 66% since March 2020
Rogers: 38 days- Dropped 34% since March 2020
Fayetteville: 65 days- Increased 25% since March 2020
Summary: When the % drops, that means homes are selling faster this year than in 2020
*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*
Number of Days on Market
NWA: 862 units- Decreased by 4% since March 2020
Bentonville: 111 units- Decreased by 21% since March 2020
Rogers: 133 units- Increased by 3% since March 2020
Fayetteville:153 units- Increased by 10% since March 2020
Summary: More homes have sold in NWA overall
*SOURCE NABOR MLS- Data pulled on 4.29.21- Information deemed reliable but not guaranteed*
Don’t see your city/county listed above? We’ve got you covered; click the link to take you to more market insights in NWA.
If you are interested in selling your home but not sure what it’s worth, we can help! Contact your agent today who can offer a free evaluation of your home.
