Is Benton Township, MI 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 Township has remained a Seller's Market.
Housing Prices in Benton Township, MI
How much do homes in Benton Township, MI cost?
Median Sold Price
$303,700
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton Township was $303,700 in April 2024, up 21.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $134.4K | $215K | +60.0% |
2 Bedrooms | $158K | $271.2K | +71.7% |
3 Bedrooms | $250K | $258K | +3.2% |
4 Bedrooms | $260K | $334.1K | +28.5% |
5+ Bedrooms | $475K | $698K | +46.9% |
Summary: Benton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 71.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 46.9%.
Median Sold Price Compared To Nearby Cities
Inverness Township | $157.4K | $224.7K | +42.7% |
Cheboygan | $149.9K | $205K | +36.7% |
Benton Township | $250K | $303.7K | +21.5% |
Grant Township | $220K | $227K | +3.2% |
Housing Supply in Benton Township, MI
How many homes are available in Benton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Benton Township real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Benton Township 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 increased by 50%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Benton Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Benton Township, MI
We’re sorry, we don't have information for this market at the moment