Is Benton County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Benton County has remained a Seller's Market.
Key Takeaway
Benton County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton County, OR
How much do homes in Benton County, OR cost?
Median Sold Price
$580,900
$285/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Benton County have sold for 9.6% more than they did a month ago.
Summary: The median home sold price in Benton County was $580,900 in April 2024, up 9.6% from last month, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $428.7K | $342K | -20.2% |
| 3 Bedrooms | $482K | $581.8K | +20.7% |
| 4 Bedrooms | $614K | $664.9K | +8.3% |
| 5+ Bedrooms | $914.7K | $770K | -15.8% |
Summary: Benton County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 15.8%.
Housing Supply in Benton County, OR
How many homes are available in Benton County, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 73 | -1.4% |
Summary: The Benton County real estate market had 73 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Benton County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton County, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Benton County in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Benton County, OR
How long does it take to sell a home in Benton County, OR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 64 Days | +27.7% |
Summary: Homes in Benton County had an average of 64 days on market in Apr 2024, up by 27.7% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Benton County; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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