Is Benton County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Benton County is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Benton County, OR

How much do homes in Benton County, OR cost?

Median Sold Price

$528,000

$300/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,760(+6.2%)

Key Takeaway

Homes in Benton County have sold for 6.2% more than they did a month ago.

Summary: The median home sold price in Benton County was $528,000 in November 2024, up 6.2% from last month, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $336.5K$415K
+23.3%
3 $494.5K$480K
-2.9%
4 $499.9K$635K
+27.0%
5+ $659.5K-
N/A

Summary: Benton County 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 increased by 23.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 27%, and 5+ bedroom homes did not change.

Housing Supply in Benton County, OR

How many homes are available in Benton County, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7862-20.5%

Summary: The Benton County real estate market had 62 homes for sale in November 2024, a 20.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 3022
-26.7%
4 2924
-17.2%
5+ 1110
-9.1%

Summary: The Benton County 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 decreased by 25%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1811-38.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Benton County, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Benton County in November 2024, down by 38.9% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.

Days on Market for Benton County, OR

How long does it take to sell a home in Benton County, OR?

Average Sale Time

Oct 2024Nov 2024CHANGE
60 Days61 Days+2.2%

Summary: Homes in Benton County had an average of 61 days on market in Nov 2024, up by 2.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Benton County has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Benton County; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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 29 Days Ago

Newest Listings in Benton County, OR

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