Is Benton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Benton Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.4K | $28.9K | -77.3% |
2 Bedrooms | $169.4K | $113.7K | -32.9% |
3 Bedrooms | $237K | $224.9K | -5.1% |
4 Bedrooms | $260K | $275K | +5.8% |
5+ Bedrooms | $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 | $180.3K | $215K | +19.2% |
Zion Township | $180.5K | $215K | +19.1% |
Winthrop Harbor | $250K | $269.9K | +8.0% |
Beach Park | $245K | $245.4K | 0.2% |
Benton Township | $236.4K | $210.3K | -11.0% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 103 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 23 | -4.2% |
3 Bedrooms | 50 | 58 | +16.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 4 | 5 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 21 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 39 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
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.