As the spring selling season is almost upon us, understanding historical market trends in Northwest Arkansas (NWA) can help buyers and sellers make informed decisions. Analyzing January's data from 2019, 2024, and 2025 is essential in understanding the trends for home prices, sales volume, and market conditions.
Median Sale Prices: Significant Long-Term Growth, Slower Yearly Increases
- January 2019: $195,431
- January 2024: $340,000 (+74% from 2019)
- January 2025: $355,000 (+4.4% from 2024, +81.6% from 2019)
Over six years, home values in NWA rapidly increased by over 81%, reflecting strong demand and limited supply. However, the 4.4% year-over-year increase in 2025 suggests the market is stabilizing compared to previous rapid appreciation.
Closed Sales: Market Activity Surges in 2025
- January 2019: Approximately 537 homes were sold.
- January 2024: Closed sales dipped slightly to 531 homes (-1% from 2019).
- January 2025: 643 homes sold (+21% from 2024, +19.7% from 2019)
The increase in 2025 closed sales suggests renewed buyer confidence, possibly driven by stabilizing interest rates and increased housing inventory.
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Days on Market (DOM):
- January 2019: Homes averaged 79 days on the market.
- January 2024: The average dropped slightly to 77 days (-2.5% from 2019).
- January 2025: DOM decreased to 75 days (-2.6% from 2024, -5.1% from 2019)
While homes are selling a bit faster year over year, the moderate decrease in DOM suggests steady demand without the urgency seen in past peak years.
Months of Inventory (MOI):
- January 2019: MOI was around 7 months, indicating a balanced market.
- January 2024: MOI declined to 6 months, reflecting a 14.3% drop from 2019.
- January 2025: MOI remained steady at 6 months, signaling a more balanced market for buyers and sellers.
Unlike past years of extreme seller’s market, inventory levels in 2025 suggest a more sustainable market with options for buyers while continuing a steady increase in home values.
New Listings:
- January 2019: 998 new listings entered the market.
- January 2024: This dropped to 875 new listings (-12.3% from 2019).
- January 2025: New listings increased to 1,045, a 19.4% jump from 2024.
With more listings on the market in 2025, buyers have slightly more options, easing competition in some areas and creating a healthier real estate market with a slower increase in home values.
Key Takeaways as We Approach Spring 2025
- Prices are still rising but at a more sustainable pace.
- Sales volume has increased, signaling renewed buyer interest.
- Homes are selling slightly faster but without the frenzy of past years.
- Inventory remains stable, supporting a more balanced market.
- More sellers are entering the market, creating more opportunities for buyers.
Buyers can expect a few more options as the 2025 spring market unfolds, & sellers should remain strategic in pricing and marketing to stay competitive. Whether you’re looking to buy or sell in Northwest Arkansas, understanding these trends can help you make informed decisions in today’s evolving market.
-Desiree Stock, Executive Broker at Collier & Associates
Note: All data presented reflects residential real estate trends in Washington and Benton Counties for the month of January.
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Rogers, AR 72756
List Price: $625,000
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C (479) 721-9751
0 (479) 274-0662
Collier & Associates
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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.
