Inventory levels are adjusting. Is it a buyers' market or not yet? Will my home appreciate in 2025, and when should I refinance? These are the questions of the year. As we settle into 2025, it’s time to take a breath, look at the data, and figure out what it means for buyers and sellers.
Let’s take a NWALook into the latest data!
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📈 Home Prices: Still Strong, But Balanced
In 2015, the median home price in NWA was just over $160,000. Fast-forward ten years, and we’ve more than doubled that—2025’s median sales price has rebounded to $370,075 after a slight dip in 2024. That dip reflected buyer hesitation due to rising interest rates and affordability pressures.
But now, confidence is back. The rebound suggests that buyers are adjusting, and sellers are pricing with more strategy. Our continued population increase, economic strength, and shift toward balanced market conditions support this growth.
Price Per Square Foot Hits All-Time High
Here’s something that might surprise you: the average price per square foot in NWA is now at $235sqft up from just $100 in 2015. That’s a 135% increase in ten years!
Much of this growth happened during the pandemic boom from 2020 to 2022, when prices jumped nearly 50% in just two years. While things cooled slightly in 2023, the 2025 price point shows that demand remains strong and construction costs are still elevated.
For buyers, this means continuing to be smart and decisive. For sellers, it’s an opportunity to capitalize, especially if their home is well-maintained and move-in ready.
Inventory & Days on Market: Breathing Room Returns
In March of 2022, inventory was the tightest we’d seen in 11 years—just 42 days of available housing. Buyers were scrambling, and bidding wars were common.
In 2025, we’ve seen a return to a more balanced market, with around 80 days of inventory. That means buyers finally have more choices and time to make informed decisions. Sellers, in turn, need to present their homes well and price competitively to stand out.
We’ve also seen a substantial recovery in overall inventory. From a low of 2,655 active listings in 2022, we’re now back up to 3,972 listings, just shy of our 2016 peak.
Closed Sales: On the Rise Again
March 2022 was the peak of activity, with 1,058 homes closed in NWA. That momentum cooled significantly in 2023 and 2024, dipping into the 800s as interest rates climbed.
However, 2025 is already showing signs of recovery, with 893 closed sales in March, returning us to levels we last saw in 2018. This modest but meaningful increase suggests buyers are returning—possibly drawn by slightly improved mortgage rates or more favorable seasonal trends.
Looking Ahead: What’s Next for NWA?
As we look to the second half of 2025 and beyond, a few key trends are worth watching:
- Home prices are expected to continue increasing slowly and steadily, not the frenzied jumps we saw in 2021 and 2022, but a healthy appreciation of 3-5%, driven by demand, growth, and investment in infrastructure.
- Interest rates remain a wildcard, but many economists project opportunities to refinance later in 2025, especially if inflation stabilizes and the Fed adjusts policy. For some, 2026 and 2027 may offer even better chances to refinance, unlocking greater buying power or improved monthly payments.
- With increased inventory and a more level playing field, buyers priced out during the peak may finally have a shot at homeownership again—especially if they consider the long-term financial benefits of locking in now and refinancing later.
The Northwest Arkansas market is stabilizing, not stalling. After extreme highs and uncertain lows, we’re finding our rhythm again. For buyers and sellers, it’s a time to make moves with intention, not fear. If you’ve been waiting for the market to “calm down,” this could be your window.
Desiree Stock | Executive Broker | Collier & Associates | (479)409-4241
The data referenced was from the month of March only, between 2015-2025.
Leadership in Action
Most people chase visible praise likes, comments, and reviews, but some of your best business growth will come from silent advocates. These clients, friends, and connections refer you without ever announcing it and mention your name in private conversations or group chats when someone needs your service. You earn them not through flashy marketing but by consistently showing up, doing great work, and treating people well. Their quiet trust in you can open doors you never even see. Don’t underestimate the power of a solid reputation and genuine relationships because sometimes, the loudest impact comes from the quietest voices.
Hot Topics in the Media
NWA planning commission wants feedback on area transportation plan
- Talk Business
The Agenda: Water, sewer and parks on deck at NWA city councils
- Axios
Key piece of New Walmart Home Office construction completed
- KNWA
Featured Listing
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🌧️ April Showers Bring...🌱 A Great Opportunity to Pull Unwanted Vegetation 💪🧤🪴
🌱 Spring is Here — Let’s Get Our Hands Dirty! 🌼
Are you ready to finally create the outdoor space you’ve been dreaming of? Whether you’re revamping an old garden bed or starting anew, this month’s newsletter has everything you need to get started!
Highlights:
• How to remove grass, weeds, and invasive plants the right way
• Why less mulch and more plants is the secret to success
• The #1 mistake most beginner gardeners make (and how to avoid it)
• How often to water and when to stop
• Planting tips tailored to your preferred space: forest, meadow, shrubland, or edge
Let’s make your garden a place you love to be. 🌸 Need help? I’m just a message away! - Claudia Vialto
Bentonville New Business
HGTV stars and local entrepreneurs Dave and Jenny Marrs have unveiled their latest venture, Marrs On Main, located in the heart of Downtown Bentonville. Just steps from the Bentonville Square, the store features a carefully curated selection of handmade pottery, leather goods, artwork, and home decor, all crafted by talented artisans. Alongside these treasures, visitors can discover one-of-a-kind furniture pieces, unique light fixtures, and antiques sourced locally and from the Marrs' travels around the globe. Designed by Jenny Marrs, handcrafted furniture adds timeless beauty and thoughtful craftsmanship to the space. Much like their Centerton location, Marrs On Main is more than a store—it's a place where every item tells a story and every visit feels like home.
Learn More
Featured Weekend Events
Reading the Greens 2025
Vintage Market Days of Northwest Arkansas
The Hogeye Marathon and Relays
Upcoming Events
🔹 Theo Von April 10 - Bud Walton Arena
🔹 Treaty Oak Revival - April 11th - Walmart Amp
🔹 Home Sweet Home Festival - April 24-26th - NWA
This newsletter is provided for informational purposes only and is not intended as professional advice. The information contained herein is based on sources and information deemed reliable but is not guaranteed to be accurate, complete, or applicable to every situation. NWALook and any associated parties assume no liability for any errors or omissions in the content of this newsletter or any actions taken based on the information provided. By reading this newsletter, you agree to hold NWALook and any affiliates harmless from any and all claims, liabilities, or damages arising from or related to your use of the information provided.
