Is Benson, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Benson was a Seller's Market.
Key Takeaway
Benson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benson, AZ
How much do homes in Benson, AZ cost?
Median Sold Price
$261,490
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Benson has remained the same since last year.
Summary: The median home sold price in Benson was $261,490 in March 2024, up 0.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | - | N/A |
| 2 Bedrooms | $295K | $204.2K | -30.8% |
| 3 Bedrooms | $252.9K | $251.9K | -0.4% |
| 4 Bedrooms | $280K | $370.4K | +32.3% |
| 5+ Bedrooms | $415K | $285K | -31.3% |
Summary: Benson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes decreased by 31.3%.
Housing Supply in Benson, AZ
How many homes are available in Benson, AZ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 62 | +29.2% |
Summary: The Benson real estate market had 62 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 37 | +54.2% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Benson 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 remained the same, 3 bedroom homes increased by 54.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 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 Benson, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Benson in March 2024, up by 300.0% 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 Benson, AZ
How long does it take to sell a home in Benson, AZ?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 107 Days | +76.2% |
Summary: Homes in Benson had an average of 107 days on market in Mar 2024, up by 76.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benson are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Benson; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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