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 seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Benton Township has remained a Seller'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, MO

How much do homes in Benton Township, MO cost?

Median Sold Price

$244,975

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,025(-5.8%)

Key Takeaway

Homes in Benton Township have sold for 5.8% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $145K$189K
+30.3%
3 $230K$226.9K
-1.3%
4 $304K$385K
+26.6%
5+ $450K$590.4K
+31.2%

Summary: Benton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 31.2%.

Median Sold Price Compared To Nearby Cities

Rogersville
+0.7%
Benton Township
-5.8%
Green Hill Township
-25.4%

Housing Supply in Benton Township, MO

How many homes are available in Benton Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5049-2.0%

Summary: The Benton Township real estate market had 49 homes for sale in May 2024, a 2.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 3226
-18.8%
4 814
+75.0%
5+ 33
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 decreased by 14.3%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 40% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Benton Township in May 2024, up by 27.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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

May 2023May 2024CHANGE
43 Days59 Days+38.0%

Summary: Homes in Benton Township had an average of 59 days on market in May 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benton Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Benton Township; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% 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 2 Days Ago

Newest Listings in Benton Township, MO

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