Is Benton County, TN 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 County was a Seller's Market.
Housing Prices in Benton County, TN
How much do homes in Benton County, TN cost?
Median Sold Price
$200,000
$128/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 $200,000 in May 2024, down 19.7% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $100K | -47.4% |
2 Bedrooms | $204.5K | $236K | +15.4% |
3 Bedrooms | $250K | $199.5K | -20.2% |
4 Bedrooms | $450K | $421K | -6.4% |
5+ Bedrooms | $289.9K | $454.1K | +56.6% |
Summary: Benton County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 56.6%.
Median Sold Price Compared To Nearby Counties
Humphreys County | $229.5K | $250K | +8.9% |
Houston County | $225K | $238K | +5.8% |
Benton County | $249K | $200K | -19.7% |
Housing Supply in Benton County, TN
How many homes are available in Benton County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 47 | -4.1% |
Summary: The Benton County real estate market had 47 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Benton County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Benton County in May 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Benton County, TN
How long does it take to sell a home in Benton County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 19 Days | -58.2% |
Summary: Homes in Benton County had an average of 19 days on market in May 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Benton County; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.