Is Benton County, OR 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 County has remained a Seller's Market.
Housing Prices in Benton County, OR
How much do homes in Benton County, OR cost?
Median Sold Price
$560,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Benton County was $560,000 in May 2024, up 8.7% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238K | $675K | +183.6% |
2 Bedrooms | $375K | $350K | -6.7% |
3 Bedrooms | $480K | $518.1K | +7.9% |
4 Bedrooms | $600.4K | $635.5K | +5.8% |
5+ Bedrooms | $540K | $755K | +39.8% |
Summary: Benton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 183.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Counties
Benton County | $515K | $560K | +8.7% |
Linn County | $394.7K | $408K | +3.4% |
Lane County | $450.3K | $451.5K | 0.3% |
Polk County | $469.9K | $445K | -5.3% |
Lincoln County | $520.4K | $489.1K | -6.0% |
Housing Supply in Benton County, OR
How many homes are available in Benton County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 71 | -11.3% |
Summary: The Benton County real estate market had 71 homes for sale in May 2024, a 11.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 34 | 26 | -23.5% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Benton County 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 decreased by 20%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 14 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Benton County in May 2024, down by 36.4% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Benton County, OR
How long does it take to sell a home in Benton County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 35 Days | -28.8% |
Summary: Homes in Benton County had an average of 35 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Benton County; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.