Is Benton, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Benton was a Buyer's Market.
Housing Prices in Benton, KY
How much do homes in Benton, KY cost?
Median Sold Price
$285,750
$135/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Benton was $285,750 in May 2024, down 25.8% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $169K | N/A |
2 Bedrooms | - | $230.7K | N/A |
3 Bedrooms | $270K | $304.9K | +12.9% |
4 Bedrooms | $390K | $272K | -30.3% |
5+ Bedrooms | - | $341K | N/A |
Summary: Benton housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 30.3%, and 5+ bedroom homes did not change.
Housing Supply in Benton, KY
How many homes are available in Benton, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 85 | +26.9% |
Summary: The Benton real estate market had 85 homes for sale in May 2024, a 26.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 35 | 46 | +31.4% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Benton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 18 | +500.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Benton in May 2024, up by 500.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Benton, KY
We’re sorry, we don't have information for this market at the moment