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 buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in South Benton Township, MO

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

Median Sold Price

$177,500

-

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,500(+5.7%)

Key Takeaway

Homes in South Benton Township have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $127.5K$145.8K
+14.4%
3 $151K$162K
+7.3%
4 $350K$425K
+21.4%
5+ $335K-
N/A

Summary: South Benton Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Benton Township
+13.2%
Buffalo
+8.6%
South Benton Township
+5.7%

Housing Supply in South Benton Township, MO

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
58+60.0%

Summary: The South Benton Township real estate market had 8 homes for sale in February 2024, a 60.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 24
+100.0%
4 02
+100.0%
5+ 11
0.0%

Summary: The South Benton Township 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 decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 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. 100% of homes here sold below asking price last month.

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

Feb 2023Feb 2024CHANGE
77 Days11 Days-85.7%

Summary: Homes in South Benton Township had an average of 11 days on market in Feb 2024, down by 85.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 February 2024, 1 homes were sold in South Benton Township; 100% of homes were sold within 30 days, 0% 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 28 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?