Is Benson, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benson has remained a Buyer's Market.
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 April 2023
Summary: The median home sold price in Benson was $261,490 in April 2024, down 0.9% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $295K | $204.2K | -30.8% |
3 Bedrooms | $252.9K | $250.9K | -0.8% |
4 Bedrooms | $285K | $378.1K | +32.7% |
5+ Bedrooms | $415K | $285K | -31.3% |
Summary: Benson housing prices by bedroom type for April 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 0.8%, 4 bedroom homes increased by 32.7%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 61 | +22.0% |
Summary: The Benson real estate market had 61 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Benson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Benson in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 119 Days | +199.4% |
Summary: Homes in Benson had an average of 119 days on market in Apr 2024, up by 199.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Benson; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.