Is Benton, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton has remained a Seller's Market.
Key Takeaway
Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton, LA
How much do homes in Benton, LA cost?
Median Sold Price
$355,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Benton have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Benton was $355,000 in April 2024, up 6.3% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195K | N/A |
| 2 Bedrooms | $150.5K | $80K | -46.8% |
| 3 Bedrooms | $271.5K | $279K | +2.8% |
| 4 Bedrooms | $399K | $400K | 0.3% |
| 5+ Bedrooms | $565K | $545.7K | -3.4% |
Summary: Benton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in Benton, LA
How many homes are available in Benton, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 94 | +19.0% |
Summary: The Benton real estate market had 94 homes for sale in April 2024, a 19.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 44 | 54 | +22.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Benton housing inventory by bedroom type for April 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 10.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 22 | +340.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Benton in April 2024, up by 340.0% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Benton, LA
How long does it take to sell a home in Benton, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 62 Days | +151.9% |
Summary: Homes in Benton had an average of 62 days on market in Apr 2024, up by 151.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benton has remained consistent over time.
Summary: During April 2024, 22 homes were sold in Benton; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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