Is Benton County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Benton County was a Buyer's Market.
Housing Prices in Benton County, TN
How much do homes in Benton County, TN cost?
Median Sold Price
$184,658
$130/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Benton County was $184,658 in April 2024, down 29% from last month, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $65K | N/A |
2 Bedrooms | $112K | $230K | +105.4% |
3 Bedrooms | $226.5K | $185K | -18.3% |
4 Bedrooms | $370K | - | N/A |
5+ Bedrooms | $724K | $184.3K | -74.5% |
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 increased by 105.4%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 74.5%.
Median Sold Price Compared To Nearby Counties
Henry County | $197.5K | $344K | +74.2% |
Benton County | $260K | $184.6K | -29.0% |
Housing Supply in Benton County, TN
How many homes are available in Benton County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Summary: The Benton County real estate market had 48 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
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 remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Benton County in April 2024, up by 140.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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 2024 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 56 Days | +14.6% |
Summary: Homes in Benton County had an average of 56 days on market in Apr 2024, up by 14.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Benton County; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.