$1,769 Closing Credit*
$149,000
1,740 SqFt
3 Beds
•2 Full Baths
Kimberly Desett, Listing Office: Heavenly Homes Real Estate
Is Benton, IL 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 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
$92,250
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,750(-3.9%)
Key Takeaway
Homes in Benton have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Benton was $92,250 in November 2024, down 3.9% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30.4K | $25.4K | -16.6% |
| 2 Bedrooms | $53K | $69.5K | +31.1% |
| 3 Bedrooms | $115K | $122.5K | +6.5% |
| 4 Bedrooms | $150K | $187.5K | +25.0% |
| 5+ Bedrooms | $179.3K | $452.5K | +152.4% |
Summary: Benton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 152.4%.
Housing Supply in Benton, IL
How many homes are available in Benton, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 52 | -14.8% |
Summary: The Benton real estate market had 52 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 25 | 14 | -44.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Benton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 44%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 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. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Benton in November 2024, down by 27.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 61 Days | 34 Days | -43.6% |
Summary: Homes in Benton had an average of 34 days on market in Nov 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Benton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Benton; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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.