Bella Vista & Bentonville | September Market Update

Bella Vista, Arkansas – September 2024 Single-Family Residential Market Update:

Bella Vista continues to attract buyers with its affordability and appealing lifestyle, but high-end sales are also making a mark in the market. In September 2024, a total of 107 homes were sold, with some key trends listed below. On average, listings were on the market for a total of 83 days.

• Average Price per Square Foot: $211
• Average Sold Price: $435,338
• Percentage of List Price Received: On average, homes sold for 98.5% of their list price.
• High-End Market: Six of the homes sold for over $1 million, all of which were lakefront properties.
• New Construction: New homes continue to make up a significant portion of the market, with 29 out of 107 homes (around 27%) being new construction properties.

Bella Vista’s market is a mix of traditional homes and higher-end properties, making it an attractive option for both first-time homebuyers and luxury buyers seeking lakefront living. The fact that a substantial number of new homes are hitting the market highlights continued growth and development in the area.

Bentonville, Arkansas – September 2024 Single-Family Residential Market Update:

Bentonville's real estate market remains competitive and dynamic. In September 2024, 104 homes were sold, showcasing its strong demand. On average, listings were on the market for 89 days. 

• Average Price per Square Foot: $243
• Average Sold Price: $616,204
• Percentage of List Price Received: Listings in Bentonville, on average, sold for 99.1% of their original list price, indicating a hot market.
• High-End Sales: There were 10 home sales over $1 million, with the most expensive being a downtown property in the southwest quadrant that sold for an impressive $598 per square foot—$100,000 over the asking price!

Bentonville continues to command higher prices compared to surrounding areas, particularly in the downtown area. This market's tight competition and high demand reflect Bentonville's status as one of the most desirable places to live in Northwest Arkansas.

In summary, both Bella Vista and Bentonville present exciting opportunities for buyers and sellers, from Bella Vista’s lakefront luxury and new construction homes to Bentonville’s bustling downtown and competitive market. Whether you're looking for affordability or high-end living, these two cities offer something for everyone.

Northwest Arkansas (NWA) boasts a dynamic and growing community, with a population surpassing 590,000. The region ranks No. 21 on U.S. News' Best Places to Live in 2024 and has 500+ miles of bike trails. Recognized for its arts and culture scene, NWA is also home to world-class institutions like Crystal Bridges Museum of American Art.

For more information, visit the NWA Council.