$799,900
57.00 Acres
Land
Jennifer E. Fitzgerald, Listing Office: Lake To Lake Real Estate
Is Benton, NY 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, Benton was a Neutral Market.
Key Takeaway
Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton, NY
How much do homes in Benton, NY cost?
Median Sold Price
$230,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,100(+35.4%)
Key Takeaway
Homes in Benton have sold for 35.4% more than they did a year ago.
Summary: The median home sold price in Benton was $230,000 in October 2024, up 35.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $170K | +17.2% |
| 3 Bedrooms | $163.7K | $290K | +77.2% |
| 4 Bedrooms | - | $240K | N/A |
| 5+ Bedrooms | $225K | - | N/A |
Summary: Benton 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 17.2%, 3 bedroom homes increased by 77.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Torrey | $253.9K | $407.5K | +60.5% |
| Benton | $169.9K | $230K | +35.4% |
| Penn Yan | $225K | $282K | +25.3% |
| Milo | $212K | $232.5K | +9.7% |
Housing Supply in Benton, NY
How many homes are available in Benton, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Summary: The Benton real estate market had 5 homes for sale in October 2024, a 66.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Benton 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 increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Benton in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Benton, NY
How long does it take to sell a home in Benton, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 8 Days | -89.9% |
Summary: Homes in Benton had an average of 8 days on market in Oct 2024, down by 89.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Benton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.