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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Benton Township is a seller's market

Buyer's
Market

Difference Since June 2023

At the same time last year, South Benton Township was a Neutral Market.

Key Takeaway

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

Housing Prices in South Benton Township, MO

How much do homes in South Benton Township, MO cost?

Median Sold Price

$202,500

-

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$34,500(+20.5%)

Key Takeaway

Homes in South Benton Township have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $145K$145K
0.0%
3 $168K$190K
+13.1%
4 $350K$309.9K
-11.4%
5+ -$300K
N/A

Summary: South Benton Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Benton Township
+20.5%
Jackson Township
-0.9%
Buffalo
-4.2%
North Benton Township
-5.9%

Housing Supply in South Benton Township, MO

How many homes are available in South Benton Township, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1410-28.6%

Summary: The South Benton Township real estate market had 10 homes for sale in June 2024, a 28.6% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 86
-25.0%
4 21
-50.0%
5+ 22
0.0%

Summary: The South Benton Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

2 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 South Benton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in South Benton Township in June 2024, up by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for South Benton Township, MO

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

Average Sale Time

Jun 2023Jun 2024CHANGE
13 Days43 Days+233.3%

Summary: Homes in South Benton Township had an average of 43 days on market in Jun 2024, up by 233.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 6 homes were sold in South Benton Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 15 Days Ago

Newest Listings in South Benton Township, MO

Nearby Markets to South Benton Township, MO

What housing markets are near South Benton Township, MO?