Benton Harbor, MI Home Values & Market Trends
Real estate market trends reflect that there have been 449 transactions over the past year in Benton Harbor. The median value for residential home transactions that occurred over the previous year is $136,238.48. The number of current listings in Benton Harbor is 62, and the percentage of properties for sale in the city is 62.00%. Benton Harbor, MI currently has 23 properties in foreclosure, 7 bank owned properties, 16 properties headed for auction, and 62 properties for sale.
Benton Harbor, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49022 | $ 145,000 $ 109/sqft |
Housing Market Summary for Benton Harbor, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $159K | $150.8K | -5.15% |
| Median Sold Price | $99,431.267 | $150.8K | 51.67% |
| Homes For Sale | 23 | 58 | 152.17% |
| Homes Sold | 431 | 271 | -37.12% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Benton Harbor, MI
Browse Homes in Benton Harbor, MI
Benton Harbor home values range from $19,320 to $4,410,443. The median estimated value of a home in Benton Harbor is $136,238.48. The median list price of a home is 145,450, and the total count of properties in the city is 11,122.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Benton Harbor, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Benton Harbor, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Benton Harbor, MI ranges from the highest value of $588,841 in 49022 to the lowest value of $66,644 in 49022. Bank owned homes and properties account for 0.06% of properties in Benton Harbor, MI. There is 1 zips within Benton Harbor, MI; 49022 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49022 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Benton Harbor, MI. Auction homes and other auction properties account for 0.14% of all properties in Benton Harbor, MI. There is 1 zips within Benton Harbor, MI; of that zips, the median estimated home value for homes going to auction ranges from $230,031 in 49022 to the lowest value of $21,900 in 49022.
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Guide for Benton Harbor, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?
