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 March 2023

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.

Housing Prices in Benton Township, IL

How much do homes in Benton Township, IL cost?

Median Sold Price

$210,333

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$26,078(-11.0%)

Key Takeaway

Homes in Benton Township have sold for 11% less than they did a year ago.

Summary: The median home sold price in Benton Township was $210,333 in March 2024, down 11% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $127.4K$28.9K
-77.3%
2 $169.4K$113.7K
-32.9%
3 $237K$224.9K
-5.1%
4 $260K$275K
+5.8%
5+ $269K$290K
+7.8%

Summary: Benton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.3%, 2 bedroom homes decreased by 32.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Zion
+19.2%
Zion Township
+19.1%
Winthrop Harbor
+8.0%
Beach Park
0.2%
Benton Township
-11.0%

Housing Supply in Benton Township, IL

How many homes are available in Benton Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
97103+6.2%

Summary: The Benton Township real estate market had 103 homes for sale in March 2024, a 6.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 2423
-4.2%
3 5058
+16.0%
4 1816
-11.1%
5+ 45
+25.0%

Summary: The Benton Township 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 decreased by 4.2%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2421-12.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 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. 47.6% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Benton Township in March 2024, down by 12.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 10% were sold at asking, and 48% were sold over asking.

Days on Market for Benton Township, IL

How long does it take to sell a home in Benton Township, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
91 Days39 Days-57.0%

Summary: Homes in Benton Township had an average of 39 days on market in Mar 2024, down by 57% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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.

Summary: During March 2024, 21 homes were sold in Benton Township; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Benton Township, IL

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