Listing Office: Hughes Real Estate and Auction
Is Benson Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Benson Township was a Neutral Market.
Key Takeaway
Benson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benson Township, MN
How much do homes in Benson Township, MN cost?
Median Sold Price
$162,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,950(-2.4%)
Key Takeaway
Homes in Benson Township have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Benson Township was $162,500 in October 2024, down 2.4% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.2K | - | N/A |
| 2 Bedrooms | $152.5K | $130K | -14.8% |
| 3 Bedrooms | $133.5K | $145K | +8.6% |
| 4 Bedrooms | $191K | $222K | +16.2% |
| 5+ Bedrooms | $325K | $216.9K | -33.2% |
Summary: Benson Township 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 decreased by 14.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 33.2%.
Median Sold Price Compared To Nearby Cities
| Benson Township | $166.4K | $162.5K | -2.4% |
| Benson | $167.9K | $162.5K | -3.2% |
Housing Supply in Benson Township, MN
How many homes are available in Benson Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 26 | 0.0% |
Summary: The Benson Township real estate market had 26 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Benson 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 increased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Benson Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Benson Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Benson Township, MN
How long does it take to sell a home in Benson Township, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 60 Days | +7.9% |
Summary: Homes in Benson Township had an average of 60 days on market in Oct 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Benson Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Benson Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
