2024 Centerton Real Estate Market Recap

Centerton Real Estate Market Trends for 2023-2024: A Snapshot

Welcome to the latest Centerton market update! As "The Blue Haired Broker," I’m thrilled to share insights from the past year and what they mean for buyers and sellers in 2025. Let’s dive into the numbers and trends shaping our local real estate scene.

Average Sales Price: Significant Growth in Centerton

Centerton saw an impressive surge in average home prices, rising 16.59% from $379,174 in 2023 to $442,079 in 2024. This growth outpaced neighboring cities:

• Bentonville: $554,866 in 2024 (6.84% increase from $519,326 in 2023).
• Rogers: $460,379 in 2024 (11.40% increase from $412,849 in 2023).
• Bella Vista: $403,250 in 2024 (4.55% increase from $386,558 in 2023).

Despite this remarkable appreciation, Centerton remains more affordable than Bentonville and Rogers, making it a desirable location for buyers seeking value without compromising on quality of life.

Chart: Average Sales Price Comparison (2023 vs. 2024)

Total Number of Sales: A Decline Reflecting Regional Trends

Centerton experienced a 15.27% decline in total home sales, dropping from 753 in 2023 to 638 in 2024. This trend is consistent with regional inventory constraints:

• Bentonville: -6.10% (from 1,409 in 2023 to 1,323 in 2024).
• Rogers: -4.79% (from 1,128 in 2023 to 1,074 in 2024).
• Bella Vista: +17.22% (from 1,202 in 2023 to 1,409 in 2024).

This tightening inventory mirrors the broader Northwest Arkansas market, which saw only a 7.7% increase in year-over-year sales.

Chart: Total Number of Sales (2023 vs. 2024)

New Construction Homes: A Key Factor in the Market

New construction remains a significant component of Centerton’s real estate market. In 2023, 487 new builds accounted for 64.7% of total sales, while in 2024, this dropped to 330 new builds, representing 51.7% of total sales.

This decline highlights the dual challenges of rising construction costs and increasing demand for new homes, which continues to outpace supply. Nevertheless, Centerton remains a hotspot for new builds, offering buyers the opportunity to own modern, customizable homes in a growing community.

Chart: % of Sales that are New Construction (2023 vs. 2024)

Months of Inventory: Seller's Market Holds Strong

Centerton’s inventory dipped slightly, moving from 4.5 months in 2023 to 4.1 months in 2024, reinforcing its position as a seller's market.

Other notable changes in the region:

• Gravette transitioned to a buyer’s market with an increase from 5.1 to 6 months of inventory.
• The regional average aligns with Centerton at 4.1 months, signaling a market that’s gradually approaching balance.

Chart: Months of Inventory Comparison (2023 vs. 2024)

What to Expect in 2025: Key Insights for Buyers and Sellers

With Centerton’s robust price growth, a significant share of new construction homes, and limited inventory, it’s an opportune time for sellers to capitalize on equity gains. For buyers, Centerton continues to offer affordability compared to nearby cities like Bentonville and Rogers, while maintaining strong investment potential.

Whether you’re considering buying, selling, or just curious about how these trends impact your property value, let’s connect! As a Centerton resident and broker for over a decade, I’m here to help you navigate the market with confidence.

Looking for more tailored advice? Reach out, and let’s discuss how these trends align with your real estate goals.