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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Benton Township was a Seller's Market.

Key Takeaway

Benton Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Benton Township, MO

How much do homes in Benton Township, MO cost?

Median Sold Price

$173,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,000(+15.3%)

Key Takeaway

Homes in Benton Township have sold for 15.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $100K$107.8K
+7.8%
3 $168K$173K
+3.0%
4 $182.5K$274.9K
+50.7%
5+ $325K$245K
-24.6%

Summary: Benton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 50.7%, and 5+ bedroom homes decreased by 24.6%.

Median Sold Price Compared To Nearby Cities

Ava
+26.7%
Benton Township
+15.3%

Housing Supply in Benton Township, MO

How many homes are available in Benton Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3839+2.6%

Summary: The Benton Township real estate market had 39 homes for sale in April 2024, a 2.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1311
-15.4%
3 1417
+21.4%
4 88
0.0%
5+ 33
0.0%

Summary: The Benton Township 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 decreased by 15.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Benton Township in April 2024, down by 28.6% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Benton Township, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
58 Days109 Days+85.1%

Summary: Homes in Benton Township had an average of 109 days on market in Apr 2024, up by 85.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Benton Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 5 homes were sold in Benton Township; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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 18 Days Ago

Newest Listings in Benton Township, MO

Nearby Markets to Benton Township, MO

What housing markets are near Benton Township, MO?