Is Benton Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Benton Township, MO

How much do homes in Benton Township, MO cost?

Median Sold Price

$265,000

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,100(+6.0%)

Key Takeaway

Homes in Benton Township have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $145K$184.5K
+27.2%
3 $227.5K$225.4K
-0.9%
4 $287.5K$371.5K
+29.2%
5+ $450K$635K
+41.1%

Summary: Benton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 41.1%.

Median Sold Price Compared To Nearby Cities

Benton Township
+6.0%
Rogersville
+4.8%
Washington Township
-6.4%

Housing Supply in Benton Township, MO

How many homes are available in Benton Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
40400.0%

Summary: The Benton Township real estate market had 40 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2321
-8.7%
4 1013
+30.0%
5+ 11
0.0%

Summary: The Benton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Benton Township in March 2024, up by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Benton Township, MO

How long does it take to sell a home in Benton Township, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
19 Days69 Days+259.9%

Summary: Homes in Benton Township had an average of 69 days on market in Mar 2024, up by 259.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benton Township has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Benton Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 24 Days Ago

Newest Listings in Benton Township, MO

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