$6,233 Closing Credit*
$524,900
2,673 SqFt
3 Beds
•2 Full Baths, 1 Partial
#24043344, Brandon Bruning, Listing Office: RE/MAX Elite
Is Benton Township, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
$248,194
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$64,905(-20.7%)
Key Takeaway
Homes in Benton Township have sold for 20.7% less than they did a year ago.
Summary: The median home sold price in Benton Township was $248,194 in November 2024, down 20.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $50K | N/A |
| 2 Bedrooms | $94K | $139K | +47.9% |
| 3 Bedrooms | $241.4K | $215.2K | -10.9% |
| 4 Bedrooms | $367.1K | $375.8K | +2.4% |
| 5+ Bedrooms | $572.2K | $614.5K | +7.4% |
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 47.9%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 7.4%.
Housing Supply in Benton Township, AR
How many homes are available in Benton Township, AR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 337 | 327 | -3.0% |
Summary: The Benton Township real estate market had 327 homes for sale in November 2024, a 3.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 165 | 148 | -10.3% |
| 4 Bedrooms | 130 | 141 | +8.5% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
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 11.1%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 90 | 64 | -28.9% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 64 homes were sold or pending in Benton Township in November 2024, down by 28.9% month-over-month. Of the 64 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% 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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 276 Days | 122 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
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, 64 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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.