Is Benson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Benson was a Seller's Market.
Key Takeaway
Benson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Benson, NC
How much do homes in Benson, NC cost?
Median Sold Price
$349,900
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Benson has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $195K | $170K | -12.8% |
| 3 Bedrooms | $338.6K | $335.4K | -1.0% |
| 4 Bedrooms | $387.2K | $414.9K | +7.2% |
| 5+ Bedrooms | $377.9K | $457.4K | +21.0% |
Summary: Benson 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 decreased by 12.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
| Grove Township | $257.4K | $264.9K | +2.9% |
| Benson | $350K | $349.9K | 0% |
| Banner Township | $337.2K | $326K | -3.3% |
Housing Supply in Benson, NC
How many homes are available in Benson, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 111 | +2.8% |
Summary: The Benson real estate market had 111 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 75 | 78 | +4.0% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benson 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 33.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 18 | -28.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benson, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Benson in March 2024, down by 28.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Benson, NC
How long does it take to sell a home in Benson, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 138 Days | +28.6% |
Summary: Homes in Benson had an average of 138 days on market in Mar 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benson are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 18 homes were sold in Benson; 0% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 61% of homes were sold over 90 days.
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