$1,188 Closing Credit*
$100,000
1,160 SqFt
3 Beds
•1 Full Bath
Angela Evans, Listing Office: HOME SWEET HOME 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 Last Month
Last month, Benton was a Neutral 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
$87,500
$66/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$52,500(-37.5%)
Key Takeaway
Homes in Benton have sold for 37.5% less than they did a month ago.
Summary: The median home sold price in Benton was $87,500 in October 2024, down 37.5% from last month, and the median price per square foot was $66.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $15.9K | $75K | +371.7% |
| 3 Bedrooms | $140K | $133.7K | -4.5% |
| 4 Bedrooms | $158K | $250K | +58.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Benton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 371.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes did not change.
Housing Supply in Benton, IL
How many homes are available in Benton, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Summary: The Benton real estate market had 61 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 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 31.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 18 | +100.0% |
Asking Price vs. Sold Price
11 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. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Benton in October 2024, up by 100.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 36 Days | +139.8% |
Summary: Homes in Benton had an average of 36 days on market in Oct 2024, up by 139.8% compared to last month.
Breakdown of Home Sale Times
13 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, 18 homes were sold in Benton; 72% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.