Is Benton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton Township has remained a Seller's Market.
Housing Prices in Benton Township, IL
How much do homes in Benton Township, IL cost?
Median Sold Price
$210,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Benton Township was $210,000 in April 2024, down 10.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $27.1K | -73.4% |
2 Bedrooms | $164.9K | $112K | -32.1% |
3 Bedrooms | $236K | $225K | -4.7% |
4 Bedrooms | $262.5K | $275K | +4.8% |
5+ Bedrooms | $313K | $290K | -7.3% |
Summary: Benton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.4%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Zion Township | $181.5K | $217K | +19.6% |
Zion | $181.5K | $217K | +19.6% |
Winthrop Harbor | $258.4K | $271K | +4.8% |
Beach Park | $244.9K | $247K | +0.9% |
Benton Township | $235.6K | $210K | -10.9% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 112 | +6.7% |
Summary: The Benton Township real estate market had 112 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 27 | +12.5% |
3 Bedrooms | 58 | 65 | +12.1% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Benton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Benton Township in April 2024, up by 22.7% month-over-month. Of the 27 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Benton Township, IL
How long does it take to sell a home in Benton Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 27 Days | -32.3% |
Summary: Homes in Benton Township had an average of 27 days on market in Apr 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Benton Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.