$170,000
1.03 Acres
Land
Eric Dunphy, Listing Office: Hybrid Real Estate
Is Southeast Benton, OR 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, Southeast Benton was a Neutral Market.
Key Takeaway
Southeast Benton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Benton, OR
How much do homes in Southeast Benton, OR cost?
Median Sold Price
$515,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$123,500(+31.5%)
Key Takeaway
Homes in Southeast Benton have sold for 31.5% more than they did a year ago.
Summary: The median home sold price in Southeast Benton was $515,000 in October 2024, up 31.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $342K | +6.9% |
| 3 Bedrooms | $390.7K | $550K | +40.8% |
| 4 Bedrooms | $619.9K | $515K | -16.9% |
| 5+ Bedrooms | $882.5K | - | N/A |
Summary: Southeast 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 6.9%, 3 bedroom homes increased by 40.8%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Southeast Benton | $391.5K | $515K | +31.5% |
| Monroe | $390K | $504.5K | +29.4% |
Housing Supply in Southeast Benton, OR
How many homes are available in Southeast Benton, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Southeast Benton real estate market had 14 homes for sale in October 2024, a 6.7% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southeast 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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Benton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Southeast Benton in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Southeast Benton, OR
How long does it take to sell a home in Southeast Benton, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 99 Days | +1893.3% |
Summary: Homes in Southeast Benton had an average of 99 days on market in Oct 2024, up by 1893.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southeast Benton has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Southeast Benton; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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