Is Benton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$91,000
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton Township was $91,000 in April 2024, down 2.7% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $27.1K | -22.4% |
2 Bedrooms | $63.9K | $65K | +1.7% |
3 Bedrooms | $114.5K | $114.5K | 0.0% |
4 Bedrooms | $123K | $139.5K | +13.4% |
5+ Bedrooms | $186.8K | $232.5K | +24.5% |
Summary: Benton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 24.5%.
Median Sold Price Compared To Nearby Cities
Frankfort Township | $242.5K | $395.4K | +63.1% |
Benton | $89K | $90.5K | +1.7% |
Benton Township | $93.5K | $91K | -2.7% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 51 | -8.9% |
Summary: The Benton Township real estate market had 51 homes for sale in April 2024, a 8.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 1 | -50.0% |
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 6.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Benton Township in April 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 44 Days | -7.6% |
Summary: Homes in Benton Township had an average of 44 days on market in Apr 2024, down by 7.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Benton Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.