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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benzonia Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Benzonia Township was a Seller's Market.

Key Takeaway

Benzonia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Benzonia Township, MI

How much do homes in Benzonia Township, MI cost?

Median Sold Price

$249,000

$199/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$24,000(+10.7%)

Key Takeaway

Homes in Benzonia Township have sold for 10.7% more than they did a month ago.

Summary: The median home sold price in Benzonia Township was $249,000 in February 2024, up 10.7% 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 $298K-
N/A
4 $72.5K-
N/A
5+ --
N/A

Summary: Benzonia Township 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 Township, MI

How many homes are available in Benzonia Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
98-11.1%

Summary: The Benzonia Township real estate market had 8 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 32
-33.3%
4 10
-100.0%
5+ 11
0.0%

Summary: The Benzonia Township housing inventory by bedroom type for February 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 33.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

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 Township, 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 Township in February 2024, down by 66.7% 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 Township, MI

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

Average Sale Time

Jan 2024Feb 2024CHANGE
57 Days47 Days-17.5%

Summary: Homes in Benzonia Township had an average of 47 days on market in Feb 2024, down by 17.5% 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 Township has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Benzonia Township; 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 Township, MI

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What housing markets are near Benzonia Township, MI?