Northwest Arkansas September 2024: Comparison by County

This summary compares the residential statistics of Benton, Washington and Madison Counties.

At the end of September 2024, Benton County is clearly in the lead in terms of Sales Price,Sales Volume, etc. However, Washington County number of days on market and months of inventory are slightly less than Benton. Madison County is reflected here, however, it is primarily a rural county and difficult to compare.

Notes:

  • 4-6 months of inventory is considered to be a normal market. Less than 4 months is considered a seller’s market and more than 6 months is considered a buyer’s market.
  • Statistics are based on Northwest Arkansas Board of Realtors Multiple Listing Service
These statistics represent residential statistics combine Benton, Washington and Madison counties.

At the end of September 2024 the Northwest Arkansas MLS reflected a Normal residential real estate market that favors neither buyers nor sellers. There was a year over year increase in sales price, closed sales, new and active listings. Average days on market were unchanged while months of inventory increased slightly from 3.8% to 4.1%. Residential sales volume increased almost 9%.

At the end of September 2024, Benton County experienced a year over year increase in sales price. There was a slight decrease in closed sales and new listings while an increase in active listings. Average days on market remained the same while months of inventory increased. Residential sales volume increased by almost 7%.

At the end of September 2024, Washington County experienced a year over year increase in sales price, closed sales, new and active listings.  Average days on market and months of inventory increased.  Residential sales volume increased by almost 15%.

Madison County is primarily rural and the volume of residential statistics is substantially less. This makes it more difficult to determine trends. We believe that including Madison in the overall statistics is still valuable.

With almost 8 months of inventory, Madison County has moved to a  buyer’s market.