Is Benld, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Benld has remained a Seller's Market.
Key Takeaway
Benld is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benld, IL
How much do homes in Benld, IL cost?
Median Sold Price
$72,900
$61/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Benld have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Benld was $72,900 in May 2024, down 4.1% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62K | $54K | -12.9% |
| 2 Bedrooms | $64.5K | $68.9K | +6.9% |
| 3 Bedrooms | $88K | $129.9K | +47.6% |
| 4 Bedrooms | $115K | $41.5K | -63.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Benld housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 47.6%, 4 bedroom homes decreased by 63.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Gillespie Township | $89K | $115.9K | +30.3% |
| Benld | $76K | $72.9K | -4.1% |
| Cahokia Township | $88.5K | $75K | -15.3% |
Housing Supply in Benld, IL
How many homes are available in Benld, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Benld real estate market had 3 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Benld housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benld, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Benld in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Benld, IL
How long does it take to sell a home in Benld, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 62 Days | 35 Days | -44.2% |
Summary: Homes in Benld had an average of 35 days on market in May 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benld are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Benld; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.