$10,000 Closing Credit*
$1,159,000
5,020 SqFt
5 Beds
•4 Full Baths
Lisa D Johnson, Listing Office: Cook Real Estate Brokerage
Is Bennsville, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bennsville has remained a Seller's Market.
Key Takeaway
Bennsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bennsville, MD
How much do homes in Bennsville, MD cost?
Median Sold Price
$499,975
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,025(-2.9%)
Key Takeaway
Homes in Bennsville have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Bennsville was $499,975 in October 2024, down 2.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $367.7K | +26.8% |
| 3 Bedrooms | $440K | $430K | -2.3% |
| 4 Bedrooms | $527.5K | $530K | 0.5% |
| 5+ Bedrooms | $581.4K | $600K | +3.2% |
Summary: Bennsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Bennsville, MD
How many homes are available in Bennsville, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 57 | -3.4% |
Summary: The Bennsville real estate market had 57 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Bennsville 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 100%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bennsville, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Bennsville in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 27% were sold at asking, and 47% were sold over asking.
Days on Market for Bennsville, MD
How long does it take to sell a home in Bennsville, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 22 Days | -47.3% |
Summary: Homes in Bennsville had an average of 22 days on market in Oct 2024, down by 47.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bennsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Bennsville; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
