Is Benton Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Benton Township was a Seller's Market.

Key Takeaway

Benton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Benton Township, MO

How much do homes in Benton Township, MO cost?

Median Sold Price

$176,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,550(+21.8%)

Key Takeaway

Homes in Benton Township have sold for 21.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $102.5K$107.1K
+4.5%
3 $165K$173K
+4.8%
4 $185K$267.4K
+44.6%
5+ $250K$245K
-2.0%

Summary: Benton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 44.6%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

Benton Township
+21.8%
Ava
+19.4%

Housing Supply in Benton Township, MO

How many homes are available in Benton Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4349+14.0%

Summary: The Benton Township real estate market had 49 homes for sale in May 2024, a 14.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1216
+33.3%
3 1720
+17.6%
4 99
0.0%
5+ 54
-20.0%

Summary: The Benton Township 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 increased by 33.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Benton Township in May 2024, up by 40.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Benton Township, MO

How long does it take to sell a home in Benton Township, MO?

Average Sale Time

May 2023May 2024CHANGE
78 Days56 Days-28.3%

Summary: Homes in Benton Township had an average of 56 days on market in May 2024, down by 28.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benton Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 7 homes were sold in Benton Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Benton Township, MO

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What housing markets are near Benton Township, MO?