Is Benton County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Benton County has remained a Seller's Market.
Key Takeaway
Benton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton County, IA
How much do homes in Benton County, IA cost?
Median Sold Price
$183,500
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Benton County have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Benton County was $183,500 in June 2024, up 4.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $80K | +17.6% |
| 2 Bedrooms | $123K | $145K | +17.9% |
| 3 Bedrooms | $176K | $170K | -3.4% |
| 4 Bedrooms | $234K | $225K | -3.8% |
| 5+ Bedrooms | $337K | $360K | +6.8% |
Summary: Benton County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Counties
| Linn County | $198.2K | $214.7K | +8.3% |
| Benton County | $176K | $183.5K | +4.3% |
| Iowa County | $198K | $173.5K | -12.4% |
Housing Supply in Benton County, IA
How many homes are available in Benton County, IA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 118 | 118 | 0.0% |
Summary: The Benton County real estate market had 118 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Benton County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton County, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Benton County in June 2024, up by 24.0% month-over-month. Of the 31 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -19.9% |
Summary: Homes in Benton County had an average of 26 days on market in Jun 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Benton County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 31 homes were sold in Benton County; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.