$2,007 Closing Credit*
$169,000
2,340 SqFt
3 Beds
•2 Full Baths, 1 Partial
TERRIE MORRIS, Listing Office: MCCOLLUM REAL ESTATE
Is Benton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Benton Township was a Seller's Market.
Key Takeaway
Benton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Benton Township, IL
How much do homes in Benton Township, IL cost?
Median Sold Price
$90,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$11,250(-11.1%)
Key Takeaway
Homes in Benton Township have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Benton Township was $90,000 in September 2024, down 11.1% from last year, and the median price per square foot was $70.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.6K | $25.4K | -26.6% |
| 2 Bedrooms | $67.4K | $65K | -3.6% |
| 3 Bedrooms | $107.9K | $115K | +6.5% |
| 4 Bedrooms | $150K | $158K | +5.3% |
| 5+ Bedrooms | $210K | $452.5K | +115.5% |
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 26.6%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 115.5%.
Median Sold Price Compared To Nearby Cities
| Frankfort Township | $350K | $408.8K | +16.8% |
| Benton | $98.8K | $90K | -8.9% |
| Benton Township | $101.2K | $90K | -11.1% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Benton Township real estate market had 50 homes for sale in September 2024, a 2.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Township, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Benton Township in September 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 38 Days | 16 Days | -57.4% |
Summary: Homes in Benton Township had an average of 16 days on market in Sep 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Benton Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.