Is Benton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Benton was a Seller's Market.
Key Takeaway
Benton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benton, PA
How much do homes in Benton, PA cost?
Median Sold Price
$207,500
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Benton have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Benton was $207,500 in May 2024, down 7.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $390K | N/A |
| 2 Bedrooms | $220K | $197K | -10.4% |
| 3 Bedrooms | $220K | $205K | -6.8% |
| 4 Bedrooms | $239K | $298K | +24.7% |
| 5+ Bedrooms | $175K | $494.5K | +182.6% |
Summary: Benton 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 decreased by 10.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 182.6%.
Median Sold Price Compared To Nearby Cities
| Benton | $225K | $207.5K | -7.8% |
| Benton Township | $225K | $207.5K | -7.8% |
Housing Supply in Benton, PA
How many homes are available in Benton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Benton real estate market had 11 homes for sale in May 2024, a 15.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Benton 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 200%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Benton in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Benton, PA
We’re sorry, we don't have information for this market at the moment
