NWA Market Updates- April 2021

    NWA Market Updates- April 2021

    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.

    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*

    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*

    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*

    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.