$1,520 Closing Credit*
$128,000
1,400 SqFt
3 Beds
•1 Full Bath
Amy Dodd, Listing Office: VIP Realty
Is Benton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Benton has remained a Seller's Market.
Key Takeaway
Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton, IL
How much do homes in Benton, IL cost?
Median Sold Price
$90,000
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,830(-8.9%)
Key Takeaway
Homes in Benton have sold for 8.9% less than they did a year ago.
Summary: The median home sold price in Benton was $90,000 in October 2024, down 8.9% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34.2K | $17.7K | -48.3% |
| 2 Bedrooms | $67.4K | $68K | +0.8% |
| 3 Bedrooms | $107.9K | $118K | +9.3% |
| 4 Bedrooms | $152.2K | $184K | +20.9% |
| 5+ Bedrooms | $179.3K | $452.5K | +152.4% |
Summary: Benton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 152.4%.
Median Sold Price Compared To Nearby Cities
| Benton | $98.8K | $90K | -8.9% |
| Benton Township | $101.2K | $90K | -11.1% |
| Browning Township | $138.9K | $81.5K | -41.3% |
Housing Supply in Benton, IL
How many homes are available in Benton, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 57 | +11.8% |
Summary: The Benton real estate market had 57 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Benton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 17 | +88.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Benton in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Benton, IL
How long does it take to sell a home in Benton, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 38 Days | -0.5% |
Summary: Homes in Benton had an average of 38 days on market in Oct 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Benton; 71% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.