Is Benson, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Benson has remained a Seller's Market.

Key Takeaway

Benson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Benson, NY

How much do homes in Benson, NY cost?

Median Sold Price

$235,000

$183/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$195,000(-45.3%)

Key Takeaway

Homes in Benson have sold for 45.3% less than they did a month ago.

Summary: The median home sold price in Benson was $235,000 in November 2024, down 45.3% from last month, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $430K$235K
-45.3%
4 --
N/A
5+ --
N/A

Summary: Benson housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 45.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Benson, NY

How many homes are available in Benson, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The Benson real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 43
-25.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Benson 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benson, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Benson in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Benson, NY

How long does it take to sell a home in Benson, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
111 Days60 Days-45.9%

Summary: Homes in Benson had an average of 60 days on market in Nov 2024, down by 45.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benson has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Benson; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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