Is Benson, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Benson has remained a Seller's Market.
Key Takeaway
Benson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benson, NC
How much do homes in Benson, NC cost?
Median Sold Price
$352,700
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Benson have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Benson was $352,700 in May 2024, up 0.8% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $187K | $176.5K | -5.6% |
| 3 Bedrooms | $339.9K | $339.9K | 0% |
| 4 Bedrooms | $387.2K | $429.9K | +11.0% |
| 5+ Bedrooms | $457.4K | $470K | +2.7% |
Summary: Benson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Benson | $349.9K | $352.7K | +0.8% |
| Grove Township | $274K | $275K | 0.4% |
| Banner Township | $337.2K | $329.9K | -2.2% |
Housing Supply in Benson, NC
How many homes are available in Benson, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 135 | -7.5% |
Summary: The Benson real estate market had 135 homes for sale in May 2024, a 7.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 113 | 110 | -2.7% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Benson housing inventory by bedroom type for May 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 2.7%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 43 | +22.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benson, expect to pay close to the asking price. 46.5% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in Benson in May 2024, up by 22.9% month-over-month. Of the 43 sold homes, 37% were sold under asking, 47% were sold at asking, and 16% were sold over asking.
Days on Market for Benson, NC
How long does it take to sell a home in Benson, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 107 Days | 25 Days | -76.1% |
Summary: Homes in Benson had an average of 25 days on market in May 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 43 homes were sold in Benson; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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