$109,000
14.86 Acres
Land
Kevin Gioia, Listing Office: Beycome Brokerage Realty, LLC
Is Benton County, TN 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 County was a Seller's Market.
Key Takeaway
Benton County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Benton County, TN
How much do homes in Benton County, TN cost?
Median Sold Price
$230,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,600(-1.1%)
Key Takeaway
Homes in Benton County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Benton County was $230,000 in October 2024, down 1.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $100K | -20.0% |
| 2 Bedrooms | $214K | $226.2K | +5.7% |
| 3 Bedrooms | $212.5K | $234.5K | +10.4% |
| 4 Bedrooms | $378K | $587.4K | +55.4% |
| 5+ Bedrooms | $289.9K | $454.1K | +56.6% |
Summary: Benton County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 55.4%, and 5+ bedroom homes increased by 56.6%.
Median Sold Price Compared To Nearby Counties
| Humphreys County | $230K | $254.9K | +10.8% |
| Houston County | $218K | $230K | +5.5% |
| Benton County | $232.6K | $230K | -1.1% |
Housing Supply in Benton County, TN
How many homes are available in Benton County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 69 | +13.1% |
Summary: The Benton County real estate market had 69 homes for sale in October 2024, a 13.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Benton County 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 8.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton County, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Benton County in October 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Benton County, TN
How long does it take to sell a home in Benton County, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 38 Days | -33.3% |
Summary: Homes in Benton County had an average of 38 days on market in Oct 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Benton County; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.