Is Benton Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, 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.

How much do homes in Benton Township, IL cost?

Median Sold Price

$240,333

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$26,900(+12.6%)

Key Takeaway

Homes in Benton Township have sold for 12.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$127.4K
N/A
2 $144K$179.5K
+24.7%
3 $211K$244K
+15.6%
4 $246K$260K
+5.7%
5+ $257K$240K
-6.6%

Median Sold Price Compared To Nearby Cities

Winthrop Harbor
+21.7%
Benton Township
+12.6%
Zion
+9.7%
Zion Township
+9.5%
Beach Park
+9.2%

How many homes are available in Benton Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
6658-12.1%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 119
-18.2%
3 3430
-11.8%
4 1714
-17.6%
5+ 34
+33.3%

Number of Homes Sold

Nov 2022Dec 2022%
1914-26.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2021Dec 2022%
30 Days27 Days-11.2%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benton Township are selling fast, if you're buying plan to act quickly.

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

About Benton Township, IL

Benton Township, IL has 58 homes on the market. Between November 2022 and December 2022, Benton Township, IL real estate market has seen decrease in the number of listings by 12.1%. Listings spent 27 days on the market in December 2022, and had a median list price of $240,333 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 24.7% more expensive, prices of 3 bedrooms properties increased by 15.6%, the cost of 4 bedrooms properties went up by 5.7%, 5 bedrooms properties prices decreased by 6.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 18.2%, volume of 3 bedrooms homes went down by 11.8%, 4 bedrooms homes inventory decreased by 17.6%, 5 bedrooms homes inventory increased by 33.3%. Benton Township, IL housing market in December 2022 saw over 6 listings sold above listed price, more than 3 sold at listed price and over 5 sold below.

Related Housing Market Reports