Is Benzonia, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Benzonia was a Neutral Market.
Key Takeaway
Benzonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benzonia, MI
How much do homes in Benzonia, MI cost?
Median Sold Price
$385,000
$214/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Benzonia have sold for 8.3% less than they did a month ago.
Summary: The median home sold price in Benzonia was $385,000 in May 2024, down 8.3% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $385K | N/A |
| 3 Bedrooms | - | $468.7K | N/A |
| 4 Bedrooms | - | $381K | N/A |
| 5+ Bedrooms | $419.9K | - | N/A |
Summary: Benzonia housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Benzonia | $419.9K | $385K | -8.3% |
| Benzonia Township | $640K | $390K | -39.1% |
Housing Supply in Benzonia, MI
How many homes are available in Benzonia, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Benzonia real estate market had 11 homes for sale in May 2024, a 57.1% increase 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 | 0 | 2 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benzonia 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benzonia, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Benzonia in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Benzonia, MI
How long does it take to sell a home in Benzonia, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 Days | 37 Days | -72.0% |
Summary: Homes in Benzonia had an average of 37 days on market in May 2024, down by 72% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benzonia has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Benzonia; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
