Now is a great time to sell because the ball is in your court. We are seeing high competition among buyers and very quick sell times for most homes on the market. Let’s break down some of the specifics for NWA.
In almost every way, the housing market has improved for sellers in the past year. Across Northwest Arkansas there have been higher selling prices, more properties sold, and fewer days on the market. The one exception is the Bentonville average days spent on the market, which has actually increased since this time last year. As a whole, though, the market is prime for sellers. If you’re looking to put your house on the market, contact us here at Downtown Properties Real Estate Group to know where to start!
NWA Market Overview, June 2022
Average Selling Price: $337,583
Properties Sold: 226
Average Days on the Market: 52
Fayetteville, June 2022
Average Selling Price: $312,430 – up 22.3% since June 2021
Properties Sold: 117 – up 15.8% from May 2022
Average Days on the Market: 51 – down 4.4% from June 2021
Bentonville, June 2022
Average Selling Price: $384,909 – up 20.2% since June 2021
Properties Sold: 85 – up 13.3% from May 2022
Average Days on the Market: 64 – up 30.2% from June 2021
Rogers, June 2022
Average Selling Price: $343,814 – up 20.1% since June 2021
Properties Sold: 102 – up 12.5% from April 2022
Average Days on the Market: 49 – down 8.3% from May 2021
Springdale, June 2022
Average Selling Price: $292,425 – up 18.6% since June 2021
Properties Sold: 55 – up 31% from April 2022
Average Days on the Market: 46 – down 18.9% from May 2021