Is Benson, AZ 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, Benson was a Neutral Market.
Housing Prices in Benson, AZ
How much do homes in Benson, AZ cost?
Median Sold Price
$285,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Benson was $285,000 in May 2024, up 9.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $295K | $204.2K | -30.8% |
3 Bedrooms | $252.9K | $266.9K | +5.5% |
4 Bedrooms | $280K | $378.1K | +35.1% |
5+ Bedrooms | $415K | $285K | -31.3% |
Summary: Benson 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 decreased by 30.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes decreased by 31.3%.
Housing Supply in Benson, AZ
How many homes are available in Benson, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 58 | +28.9% |
Summary: The Benson real estate market had 58 homes for sale in May 2024, a 28.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 29 | 38 | +31.0% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Benson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Benson in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Benson, AZ
How long does it take to sell a home in Benson, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 117 Days | +104.9% |
Summary: Homes in Benson had an average of 117 days on market in May 2024, up by 104.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Benson; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.