Is Benton County, TN 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, Benton County was a Seller's Market.
Housing Prices in Benton County, TN
How much do homes in Benton County, TN cost?
Median Sold Price
$225,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Benton County was $225,000 in March 2024, down 8.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.5K | $100K | -46.7% |
2 Bedrooms | $225K | $242K | +7.6% |
3 Bedrooms | $250K | $212.5K | -15.0% |
4 Bedrooms | $539.5K | $370K | -31.4% |
5+ Bedrooms | $289.9K | $724K | +149.7% |
Summary: Benton County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 149.7%.
Median Sold Price Compared To Nearby Counties
Humphreys County | $227.2K | $243.7K | +7.3% |
Houston County | $248.7K | $231.4K | -6.9% |
Benton County | $245K | $225K | -8.2% |
Housing Supply in Benton County, TN
How many homes are available in Benton County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 44 | +12.8% |
Summary: The Benton County real estate market had 44 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 22 | 27 | +22.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benton County 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 increased by 10%, 3 bedroom homes increased by 22.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Benton County in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Benton County, TN
How long does it take to sell a home in Benton County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 58 Days | +10.6% |
Summary: Homes in Benton County had an average of 58 days on market in Mar 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Benton County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.