$1,139 Closing Credit*
$95,900
960 SqFt
2 Beds
•1 Full Bath
JESSICA SQUIRES, Listing Office: RE/MAX INTEGRITY
Is Benton, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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 August 2023
-$14,000(-13.5%)
Key Takeaway
Homes in Benton have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in Benton was $90,000 in August 2024, down 13.5% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39K | $27.1K | -30.4% |
| 2 Bedrooms | $51.5K | $65K | +26.2% |
| 3 Bedrooms | $115K | $115K | 0.0% |
| 4 Bedrooms | $145.7K | $154.9K | +6.3% |
| 5+ Bedrooms | $148.6K | $255K | +71.6% |
Summary: Benton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.4%, 2 bedroom homes increased by 26.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 71.6%.
Median Sold Price Compared To Nearby Cities
| Washington | $203.2K | $205K | +0.9% |
| Benton | $104K | $90K | -13.5% |
Housing Supply in Benton, IL
How many homes are available in Benton, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 51 | 53 | +3.9% |
Summary: The Benton real estate market had 53 homes for sale in August 2024, a 3.9% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Benton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Benton in August 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 57 Days | +154.0% |
Summary: Homes in Benton had an average of 57 days on market in Aug 2024, up by 154% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benton has remained consistent over time.
Summary: During August 2024, 10 homes were sold in Benton; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.