$3,741 Closing Credit*
$315,000
2,355 SqFt
4 Beds
•1 Full Bath, 1 Partial
Missy Koszegi, Listing Office: COLDWELL BANKER SCHMIDT CHEBOYGAN
Is Benton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Benton Township was a Neutral Market.
Key Takeaway
Benton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton Township, MI
How much do homes in Benton Township, MI cost?
Median Sold Price
$254,400
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,600(-12.3%)
Key Takeaway
Homes in Benton Township have sold for 12.3% less than they did a year ago.
Summary: The median home sold price in Benton Township was $254,400 in November 2024, down 12.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $175K | -70.8% |
| 2 Bedrooms | $327.5K | $395K | +20.6% |
| 3 Bedrooms | $225K | $312.5K | +38.9% |
| 4 Bedrooms | $334.1K | $229K | -31.5% |
| 5+ Bedrooms | $698K | $279.9K | -59.9% |
Summary: Benton Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.8%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 38.9%, 4 bedroom homes decreased by 31.5%, and 5+ bedroom homes decreased by 59.9%.
Median Sold Price Compared To Nearby Cities
| Grant Township | $235K | $297.7K | +26.7% |
| Cheboygan | $181K | $229K | +26.5% |
| Benton Township | $290K | $254.4K | -12.3% |
Housing Supply in Benton Township, MI
How many homes are available in Benton Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Benton Township real estate market had 22 homes for sale in November 2024, a 15.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benton Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Benton Township in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Benton Township, MI
How long does it take to sell a home in Benton Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Benton Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Benton Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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