$5,516 Closing Credit*
$464,500
2,046 SqFt
4 Beds
•3 Full Baths
Ann Martin, Listing Office: RE/MAX Real Estate Associates
Is Benton, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, KY
How much do homes in Benton, KY cost?
Median Sold Price
$235,000
$115/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,000(-14.5%)
Key Takeaway
Homes in Benton have sold for 14.5% less than they did a month ago.
Summary: The median home sold price in Benton was $235,000 in October 2024, down 14.5% from last month, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154.9K | $138K | -10.9% |
| 3 Bedrooms | $232K | $245K | +5.6% |
| 4 Bedrooms | $449.9K | $191.5K | -57.4% |
| 5+ Bedrooms | $275K | $260K | -5.5% |
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 decreased by 10.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 57.4%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in Benton, KY
How many homes are available in Benton, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 73 | -7.6% |
Summary: The Benton real estate market had 73 homes for sale in October 2024, a 7.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 18 | 14 | -22.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Benton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Benton in October 2024, down by 35.0% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.
Days on Market for Benton, KY
We’re sorry, we don't have information for this market at the moment
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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