Is Benzonia, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benzonia is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Benzonia has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Benzonia, MI

How much do homes in Benzonia, MI cost?

Median Sold Price

$249,000

$199/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$100,250(+67.4%)

Key Takeaway

Homes in Benzonia have sold for 67.4% more than they did a month ago.

Summary: The median home sold price in Benzonia was $249,000 in February 2024, up 67.4% from last month, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$249K
N/A
3 $225K-
N/A
4 $72.5K-
N/A
5+ --
N/A

Summary: Benzonia housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Benzonia
+67.4%
Benzonia Township
+10.7%

Housing Supply in Benzonia, MI

How many homes are available in Benzonia, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
65-16.7%

Summary: The Benzonia real estate market had 5 homes for sale in February 2024, a 16.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 11
0.0%
4 10
-100.0%
5+ 11
0.0%

Summary: The Benzonia 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 decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 1 homes were sold or pending in Benzonia in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Benzonia, MI

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

Average Sale Time

Jan 2024Feb 2024CHANGE
54 Days47 Days-13.0%

Summary: Homes in Benzonia had an average of 47 days on market in Feb 2024, down by 13% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benzonia has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Benzonia; 0% of homes were sold within 30 days, 100% 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 18 Days Ago

Newest Listings in Benzonia, MI

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