Is Benton County, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton County has remained a Seller's Market.
Housing Prices in Benton County, IA
How much do homes in Benton County, IA cost?
Median Sold Price
$184,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton County was $184,000 in April 2024, up 5.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $71.5K | $66.2K | -7.3% |
2 Bedrooms | $109.5K | $129.9K | +18.6% |
3 Bedrooms | $175.5K | $170K | -3.1% |
4 Bedrooms | $220.7K | $235K | +6.5% |
5+ Bedrooms | $313.5K | $360K | +14.8% |
Summary: Benton County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Counties
Linn County | $194.8K | $209.4K | +7.5% |
Benton County | $175K | $184K | +5.1% |
Iowa County | $199K | $187.5K | -5.8% |
Housing Supply in Benton County, IA
How many homes are available in Benton County, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 94 | -2.1% |
Summary: The Benton County real estate market had 94 homes for sale in April 2024, a 2.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 23 | 21 | -8.7% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Benton County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Benton County in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Benton County, IA
How long does it take to sell a home in Benton County, IA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 43 Days | -2.6% |
Summary: Homes in Benton County had an average of 43 days on market in Apr 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Benton County; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.