Is Benton Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Benton Township was a Buyer's Market.

Key Takeaway

Benton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benton Township, IN

How much do homes in Benton Township, IN cost?

Median Sold Price

$485,000

$189/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$455,000(-48.4%)

Key Takeaway

Homes in Benton Township have sold for 48.4% less than they did a month ago.

Summary: The median home sold price in Benton Township was $485,000 in May 2024, down 48.4% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$485K
N/A
4 $940K$535K
-43.1%
5+ --
N/A

Summary: Benton Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 43.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bloomington Township
+17.5%
Benton Township
-48.4%
Unionville
-73.4%

Housing Supply in Benton Township, IN

How many homes are available in Benton Township, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1120+81.8%

Summary: The Benton Township real estate market had 20 homes for sale in May 2024, a 81.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 14
+300.0%
3 610
+66.7%
4 35
+66.7%
5+ 00
0.0%

Summary: The Benton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Benton Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.

Days on Market for Benton Township, IN

How long does it take to sell a home in Benton Township, IN?

Average Sale Time

Apr 2024May 2024CHANGE
4 Days59 Days+1375.0%

Summary: Homes in Benton Township had an average of 59 days on market in May 2024, up by 1375% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benton Township has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Benton Township; 0% of homes were sold within 30 days, 17% 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 1 Day Ago

Newest Listings in Benton Township, IN

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