Is Benton Township, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Benton Township has remained a Seller's Market.

Key Takeaway

Benton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benton Township, AR

How much do homes in Benton Township, AR cost?

Median Sold Price

$245,729

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$67,370(-21.5%)

Key Takeaway

Homes in Benton Township have sold for 21.5% less than they did a year ago.

Summary: The median home sold price in Benton Township was $245,729 in November 2024, down 21.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$50K
N/A
2 $94K$138.5K
+47.3%
3 $241.4K$214.9K
-11.0%
4 $367.1K$374.5K
+2.0%
5+ $572.2K$590K
+3.1%

Summary: Benton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.3%, 3 bedroom homes decreased by 11%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.1%.

Housing Supply in Benton Township, AR

How many homes are available in Benton Township, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
342329-3.8%

Summary: The Benton Township real estate market had 329 homes for sale in November 2024, a 3.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2725
-7.4%
3 168148
-11.9%
4 131142
+8.4%
5+ 1614
-12.5%

Summary: The Benton Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9265-29.3%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, expect to pay close to the asking price. 49.2% of homes here sold near the asking price last month.

Summary: A total of 65 homes were sold or pending in Benton Township in November 2024, down by 29.3% month-over-month. Of the 65 sold homes, 38% were sold under asking, 49% were sold at asking, and 12% were sold over asking.

Days on Market for Benton Township, AR

How long does it take to sell a home in Benton Township, AR?

Average Sale Time

Nov 2023Nov 2024CHANGE
276 Days122 Days-55.8%

Summary: Homes in Benton Township had an average of 122 days on market in Nov 2024, down by 55.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Benton Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 65 homes were sold in Benton Township; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Benton Township, AR

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