Is Benton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Benton Township has remained a Seller's Market.
Housing Prices in Benton Township, IL
How much do homes in Benton Township, IL cost?
Median Sold Price
$90,500
$66/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Benton Township was $90,500 in May 2024, down 11.9% from last year, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $27.1K | -22.4% |
2 Bedrooms | $66.9K | $62.5K | -6.6% |
3 Bedrooms | $113.3K | $115K | +1.5% |
4 Bedrooms | $124.5K | $144.3K | +15.9% |
5+ Bedrooms | $186.8K | $232.5K | +24.5% |
Summary: Benton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
Frankfort Township | $294.5K | $403.9K | +37.1% |
Benton | $97.4K | $90K | -7.6% |
Benton Township | $102.7K | $90.5K | -11.9% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 48 | -7.7% |
Summary: The Benton Township real estate market had 48 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 30 | 24 | -20.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 0 | 0 | 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Benton Township in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for Benton Township, IL
How long does it take to sell a home in Benton Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 40 Days | +21.7% |
Summary: Homes in Benton Township had an average of 40 days on market in May 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Benton Township; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.