Is Benton Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Benton Township has remained a Seller's Market.
Key Takeaway
Benton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton Township, AR
How much do homes in Benton Township, AR cost?
Median Sold Price
$255,000
$149/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Benton Township have sold for 16.2% more than they did a month ago.
Summary: The median home sold price in Benton Township was $255,000 in March 2024, up 16.2% from last month, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $130K | $124K | -4.6% |
| 3 Bedrooms | $219.5K | $207K | -5.7% |
| 4 Bedrooms | $319K | $365K | +14.4% |
| 5+ Bedrooms | - | $796K | N/A |
Summary: Benton Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes did not change.
Housing Supply in Benton Township, AR
How many homes are available in Benton Township, AR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 249 | 287 | +15.3% |
Summary: The Benton Township real estate market had 287 homes for sale in March 2024, a 15.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 109 | 116 | +6.4% |
| 4 Bedrooms | 106 | 129 | +21.7% |
| 5+ Bedrooms | 20 | 26 | +30.0% |
Summary: The Benton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Township, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Benton Township in March 2024, up by 16.9% month-over-month. Of the 67 sold homes, 43% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Benton Township, AR
How long does it take to sell a home in Benton Township, AR?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 189 Days | 111 Days | -41.3% |
Summary: Homes in Benton Township had an average of 111 days on market in Mar 2024, down by 41.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benton Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 69 homes were sold in Benton Township; 1% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.