Benton County Home Prices Hit Record Highs While Sales Slip – Market Recap

🏡 Key Highlights

Key Highlights

• New Home Prices: +22.7% YOY — the largest jump in four years.

• Existing Home Prices: +7.7% YOY; median up 3.4% despite fewer sales.

• Total Sales Volume: Record sales volume, driven by price growth.

• Total Units Sold: Down 8% YOY.

• Mortgage Activity: Average residential loan balance: $364,805.

Market Overview

July 2025 brought strong price gains across all segments in Benton County, even as transaction counts fell.

Existing Home Sales Benton County

• Existing unit sales down 5.9% YOY.

• Median home price rose 3.4%, while the average sale price increased 7.7%.

• Nationally, July home sales rose 2% YOY, with a median price of $435,300 (NAR).

New Home Sales - Benton County

• New Construction accounted for 26.5% of all residential sales (27% last year).

• Median new home price in Benton County is 9% higher than Washington County’s $367,077.

• Heavy rainfall in April–May may have contributed to lower sales. We had 22 inches of rain! This was half of last year’s annual total in just two months. Great for lawns but bad for construction schedules….

Financial Health

Notice of Defaults:

• 29 total Notice of Defaults filed in Benton County in July v. 17 in June.

• The Notice of Defaults is still low by historical standards. However, if we continue to see rising numbers it could indicate emerging market stress.

Total Sales Volume

• Despite fewer transactions, Benton County reached a record $384.38M in total sales volume for July, fueled by higher home prices.

Mortgage Activity

• Lending continues to trend upward, now driven primarily by purchase transactions rather than refinances.

• Average loan balance in July: $364,805.

• With a median home price of $399,975, the typical homeowner holds approximately $35,000 in equity.

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