$1,661 Closing Credit*
$139,900
686 SqFt
2 Beds
•1 Full Bath
Brian Brant, Listing Office: Sunrise Real Estate, Inc.
Is Benton Harbor, MI 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, Benton Harbor has remained a Seller's Market.
Key Takeaway
Benton Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton Harbor, MI
How much do homes in Benton Harbor, MI cost?
Median Sold Price
$170,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,000(+11.8%)
Key Takeaway
Homes in Benton Harbor have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Benton Harbor was $170,000 in October 2024, up 11.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $99.9K | $133K | +33.1% |
| 3 Bedrooms | $165.2K | $168.5K | +2.0% |
| 4 Bedrooms | $285K | $255K | -10.5% |
| 5+ Bedrooms | $570K | $403.5K | -29.2% |
Summary: Benton Harbor 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 33.1%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Saint Joseph | $278.7K | $320K | +14.8% |
| Benton Charter Township | $139.8K | $156.8K | +12.1% |
| Benton Harbor | $152K | $170K | +11.8% |
Housing Supply in Benton Harbor, MI
How many homes are available in Benton Harbor, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 110 | -1.8% |
Summary: The Benton Harbor real estate market had 110 homes for sale in October 2024, a 1.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 32 | 30 | -6.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Benton Harbor 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 remained the same, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Harbor, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Benton Harbor in October 2024, up by 55.6% month-over-month. Of the 28 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Benton Harbor, MI
How long does it take to sell a home in Benton Harbor, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 69 Days | -15.5% |
Summary: Homes in Benton Harbor had an average of 69 days on market in Oct 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benton Harbor has remained consistent over time.
Summary: During October 2024, 28 homes were sold in Benton Harbor; 32% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
