Is Benton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Benton Township was a Neutral Market.
Housing Prices in Benton Township, MI
How much do homes in Benton Township, MI cost?
Median Sold Price
$303,700
$187/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 $303,700 in May 2024, up 21.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $163.2K | $343.7K | +110.6% |
3 Bedrooms | $255K | $241.5K | -5.3% |
4 Bedrooms | $230.9K | $334.1K | +44.7% |
5+ Bedrooms | - | $698K | N/A |
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 110.6%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cheboygan | $160K | $207K | +29.4% |
Benton Township | $250K | $303.7K | +21.5% |
Grant Township | $222.5K | $235K | +5.6% |
Housing Supply in Benton Township, MI
How many homes are available in Benton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 15 | +36.4% |
Summary: The Benton Township real estate market had 15 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 1 | 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Benton Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Benton Township, MI
We’re sorry, we don't have information for this market at the moment