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
At the same time last year, Benton Township was a Seller's Market.
Housing Prices in Benton Township, IL
How much do homes in Benton Township, IL cost?
Median Sold Price
$90,000
$61/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 $90,000 in March 2024, down 3.2% from last year, and the median price per square foot was $61.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34.6K | $28.9K | -16.5% |
2 Bedrooms | $63.9K | $65K | +1.7% |
3 Bedrooms | $111K | $114.2K | +2.9% |
4 Bedrooms | $101K | $134.4K | +33.1% |
5+ Bedrooms | $186.8K | $232.5K | +24.5% |
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 16.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
Frankfort Township | $171K | $388.3K | +127.1% |
Benton | $86K | $90K | +4.7% |
Benton Township | $93K | $90K | -3.2% |
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 |
---|---|---|
50 | 55 | +10.0% |
Summary: The Benton Township real estate market had 55 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 16 | 0.0% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 9 | -30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Benton Township in March 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% 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 |
---|---|---|
212 Days | 51 Days | -75.7% |
Summary: Homes in Benton Township had an average of 51 days on market in Mar 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Benton Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.