Is Benton Township, IL 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, 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
$208,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Benton Township was $208,000 in May 2024, down 12.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $28.9K | -71.7% |
2 Bedrooms | $157.5K | $125K | -20.6% |
3 Bedrooms | $237K | $225K | -5.1% |
4 Bedrooms | $266K | $272.5K | +2.4% |
5+ Bedrooms | $296.5K | $285.4K | -3.7% |
Summary: Benton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.7%, 2 bedroom homes decreased by 20.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
Zion Township | $185K | $218.2K | +17.9% |
Zion | $185K | $218.2K | +17.9% |
Beach Park | $245K | $248K | +1.2% |
Winthrop Harbor | $264.9K | $265K | 0.0% |
Benton Township | $237K | $208K | -12.2% |
Housing Supply in Benton Township, IL
How many homes are available in Benton Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 119 | +8.2% |
Summary: The Benton Township real estate market had 119 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 28 | 26 | -7.1% |
3 Bedrooms | 64 | 68 | +6.3% |
4 Bedrooms | 15 | 22 | +46.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benton Township 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 decreased by 7.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Benton Township in May 2024, up by 21.4% month-over-month. Of the 34 sold homes, 47% were sold under asking, 21% were sold at asking, and 32% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 41 Days | +24.9% |
Summary: Homes in Benton Township had an average of 41 days on market in May 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Benton Township; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.