Is Centerton, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centerton has remained a Seller's Market.
Housing Prices in Centerton, AR
How much do homes in Centerton, AR cost?
Median Sold Price
$373,729
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Centerton was $373,729 in May 2024, up 9.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $179.4K | $232K | +29.4% |
3 Bedrooms | $295.9K | $308K | +4.1% |
4 Bedrooms | $385K | $457K | +18.7% |
5+ Bedrooms | $545K | $647.9K | +18.9% |
Summary: Centerton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
Bentonville | $428.9K | $475.6K | +10.9% |
Centerton | $339.9K | $373.7K | +9.9% |
Housing Supply in Centerton, AR
How many homes are available in Centerton, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
172 | 175 | +1.7% |
Summary: The Centerton real estate market had 175 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 55 | 55 | 0.0% |
4 Bedrooms | 89 | 94 | +5.6% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Centerton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 46 | +48.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Centerton in May 2024, up by 48.4% month-over-month. Of the 46 sold homes, 26% were sold under asking, 59% were sold at asking, and 15% were sold over asking.
Days on Market for Centerton, AR
How long does it take to sell a home in Centerton, AR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
174 Days | 130 Days | -25.0% |
Summary: Homes in Centerton had an average of 130 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 46 homes were sold in Centerton; 7% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.