Is Benton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Benton Charter Township was a Seller's Market.
Key Takeaway
Benton Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Benton Charter Township, MI
How much do homes in Benton Charter Township, MI cost?
Median Sold Price
$167,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Benton Charter Township have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in Benton Charter Township was $167,000 in May 2024, up 20.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $84K | +47.4% |
| 2 Bedrooms | $89.9K | $97K | +7.9% |
| 3 Bedrooms | $150K | $168.5K | +12.3% |
| 4 Bedrooms | $180K | $316.4K | +75.8% |
| 5+ Bedrooms | $296K | $306K | +3.4% |
Summary: Benton Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 75.8%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Benton Harbor | $144.8K | $185K | +27.7% |
| Benton Charter Township | $138.9K | $167K | +20.2% |
| Hagar Township | $222.5K | $239K | +7.4% |
| Royalton Township | $390K | $414K | +6.2% |
| Bainbridge Township | $258.9K | $250K | -3.4% |
Housing Supply in Benton Charter Township, MI
How many homes are available in Benton Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 45 | +36.4% |
Summary: The Benton Charter Township real estate market had 45 homes for sale in May 2024, a 36.4% 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 | 11 | 15 | +36.4% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Benton Charter 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 increased by 36.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Charter Township, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Benton Charter Township in May 2024, the same as the previous month. Of the 7 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.
Days on Market for Benton Charter Township, MI
How long does it take to sell a home in Benton Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +40.4% |
Summary: Homes in Benton Charter Township had an average of 48 days on market in May 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Benton Charter Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
