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 September 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

$228,333

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,333(+8.7%)

Key Takeaway

Homes in Benton Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Benton Township was $228,333 in September 2024, up 8.7% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $39K$28.7K
-26.4%
2 $130K$101.9K
-21.6%
3 $221.5K$232.5K
+5.0%
4 $274K$282.5K
+3.1%
5+ $296.5K$300K
+1.2%

Summary: Benton Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.4%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Zion Township
+21.4%
Zion
+21.4%
Beach Park
+13.2%
Benton Township
+8.7%
Winthrop Harbor
+8.7%

Housing Supply in Benton Township, IL

How many homes are available in Benton Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
107104-2.8%

Summary: The Benton Township real estate market had 104 homes for sale in September 2024, a 2.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 2832
+14.3%
3 4543
-4.4%
4 2925
-13.8%
5+ 42
-50.0%

Summary: The Benton Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 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 may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Benton Township in September 2024, down by 17.9% month-over-month. Of the 23 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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

Sep 2023Sep 2024CHANGE
29 Days16 Days-43.6%

Summary: Homes in Benton Township had an average of 16 days on market in Sep 2024, down by 43.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 23 homes were sold in Benton Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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