Is Benton Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Benton Township has remained a Neutral Market.

Key Takeaway

Benton Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Benton Township, IN

How much do homes in Benton Township, IN cost?

Median Sold Price

$791,750

$226/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$622,750(+368.5%)

Key Takeaway

Homes in Benton Township have sold for 368.5% more than they did a month ago.

Summary: The median home sold price in Benton Township was $791,750 in October 2024, up 368.5% from last month, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $169K-
N/A
3 -$733.5K
N/A
4 $975K$850K
-12.8%
5+ --
N/A

Summary: Benton Township 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Benton Township
+368.5%
Unionville
+153.0%
Bloomington Township
-7.9%
Washington Township
-8.5%

Housing Supply in Benton Township, IN

How many homes are available in Benton Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2024+20.0%

Summary: The Benton Township real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1013
+30.0%
4 57
+40.0%
5+ 11
0.0%

Summary: The Benton Township 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 decreased by 25%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Benton Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Benton Township, IN

How long does it take to sell a home in Benton Township, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
6 Days3 Days-50.0%

Summary: Homes in Benton Township had an average of 3 days on market in Oct 2024, down by 50% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Benton Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Benton Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Benton Township, IN

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