Market StatsBenton, Washington & Madison Counties

Across this extended period, the market recorded a median sale price of $279,000 and an average of $329,344, with total sales volume reaching roughly $37.0 billion over 112,205 closed transactions. Median list price came in at $298,000, and a median sale-to-list ratio of 100% shows that closed prices have generally tracked closely with asking prices over time.

Pace of sale has averaged 87.5 days on market, notably higher than the 58-day median, suggesting a subset of slower-moving listings has pulled the average upward. With an absorption rate near 19.9%, about five months of supply, and a sell-through rate of 76.9%, the data is classified as a Balanced Market — conditions that have not consistently favored buyers or sellers across this span.

New construction has made up a notable share of activity in several communities, including Bentonville, Centerton, and Fayetteville, indicating where building activity has contributed most to overall listing volume. Buyers and sellers alike can view these figures as reflecting a market without a strong tilt in either direction.

Across Benton, Madison and Washington counties, homes sold in August spent an average of 55 days on market, up from about 47 days the prior month, though the median stood lower at 25 days. Months of supply held near 5.5, and the sell-through rate was 62.6%, indicating a market with a broad but not overwhelming amount of active inventory relative to sales.

Pricing was steady rather than dramatic: the median sale price came in at $384,000, down 1.5% from July, while the median list price was $410,000. The median sale-to-list ratio of 100% suggests most sellers are still receiving offers close to asking price. Sales volume and closed transactions both declined from the prior period, consistent with the longer average marketing time.

For buyers, the slightly longer time on market and ample supply may allow more room for consideration before committing. For sellers, pricing near list price remains achievable, though the slower pace suggests reviewing comparable sales carefully. New construction continues to represent a notable share of activity in Bentonville, Bella Vista, Centerton, Fayetteville and Pea Ridge, pointing to where building activity is most concentrated this period.