Is Benton County, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton County is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Benton County was a Seller's Market.

Key Takeaway

Benton County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Benton County, IA

How much do homes in Benton County, IA cost?

Median Sold Price

$185,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,000(+8.2%)

Key Takeaway

Homes in Benton County have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Benton County was $185,000 in March 2024, up 8.2% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $71.5K$95K
+32.9%
2 $108.2K$146K
+34.9%
3 $173.5K$172.5K
-0.6%
4 $191.8K$232.5K
+21.2%
5+ $291K$360K
+23.7%

Summary: Benton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 34.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 23.7%.

Median Sold Price Compared To Nearby Counties

Benton County
+8.2%
Linn County
+5.5%
Iowa County
-0.3%

Housing Supply in Benton County, IA

How many homes are available in Benton County, IA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8091+13.8%

Summary: The Benton County real estate market had 91 homes for sale in March 2024, a 13.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2023
+15.0%
3 3642
+16.7%
4 1518
+20.0%
5+ 87
-12.5%

Summary: The Benton County 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 15%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Benton County in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Benton County, IA

How long does it take to sell a home in Benton County, IA?

Average Sale Time

Mar 2023Mar 2024CHANGE
43 Days78 Days+81.2%

Summary: Homes in Benton County had an average of 78 days on market in Mar 2024, up by 81.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Benton County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 14 homes were sold in Benton County; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Benton County, IA

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