Is Benona Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benona Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Benona Township has remained a Seller's Market.

Key Takeaway

Benona Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benona Township, MI

How much do homes in Benona Township, MI cost?

Median Sold Price

$330,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$40,000(-10.8%)

Key Takeaway

Homes in Benona Township have sold for 10.8% less than they did a year ago.

Summary: The median home sold price in Benona Township was $330,000 in February 2024, down 10.8% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $180K$125K
-30.6%
2 $260K$275K
+5.8%
3 $220K$330K
+50.0%
4 $370K$517.5K
+39.9%
5+ $450K-
N/A

Summary: Benona Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mears
+24.2%
Golden Township
+22.6%
Shelby Township
+16.4%
Benona Township
-10.8%

Housing Supply in Benona Township, MI

How many homes are available in Benona Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
770.0%

Summary: The Benona Township real estate market had 7 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 22
0.0%
3 11
0.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Benona Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benona Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Benona Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Benona Township, MI

How long does it take to sell a home in Benona Township, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
97 Days5 Days-94.8%

Summary: Homes in Benona Township had an average of 5 days on market in Feb 2024, down by 94.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benona Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Benona Township; 100% of homes were sold within 30 days, 0% 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 28 Days Ago

Newest Listings in Benona Township, MI

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