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BENSON, IL 61516

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BENSON, IL real estate market (61516) currently shows 1 active listings, with 1 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 36 days on market compared to 51 days last year.

The median listing price has fallen 17.5% year-over-year, from $199,900 to $165,000.

Whether you are buying or selling in BENSON, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 754  ·  Density: 9.3/mi²  ·  Median household income: $84,875

Typical home value: $123,728  ·  Homeownership: 97.8%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$165,000
⇩ 17.5% vs $199,900 last year
Average Price
$165,000
⇩ 15.3% vs $194,900 last year
Days on Market
36
⇩ 29.4% vs 51 days last year

Price Per Square Foot

Median $/sqft
$128
⇧ 24.3% vs $103/sqft last year
Median Home Size
1,294 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 36 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $165,000 (-17.5% YoY)
  • Average: $165,000 (-15.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.7 miles — 88 listings ($22,271,954 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61516Benson, IL 615160.0 mi1$165,000$165,000$165,000
61369Toluca, IL 613698.9 mi4$870,000$217,500$217,500
61541La Rose, IL 6154110.2 mi0$0$75,000$75,000
61321Dana, IL 6132111.2 mi3$648,675$216,225$216,225
61530Eureka, IL 6153012.1 mi7$2,203,397$281,000$314,771
61740Flanagan, IL 6174014.2 mi7$1,079,953$148,725$154,279
61548Metamora, IL 6154815.1 mi14$6,404,552$467,450$457,468
61333Long Point, IL 6133315.6 mi2$388,500$194,250$194,250
61540Lacon, IL 6154016.7 mi9$1,652,985$164,743$183,665
61748Hudson, IL 6174818.2 mi1$849,000$849,000$849,000
61733Deer Creek, IL 6173319.2 mi1$220,000$220,000$220,000
61523Chillicothe, IL 6152321.5 mi35$7,038,640$140,950$201,104
61732Danvers, IL 6173222.7 mi4$751,252$186,875$187,813

Frequently Asked Questions

How many homes are for sale in BENSON, IL 61516?

As of March 2026, there are 1 active listings in BENSON, IL (zip code 61516), compared to 2 the prior year.

What is the median home price in BENSON, IL 61516?

The median listing price in BENSON, IL 61516 is $165,000 as of March 2026, a 17.5% decrease from $199,900 the prior year.

How long do homes stay on the market in BENSON, IL?

Homes in BENSON, IL 61516 spend an average of 36 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in BENSON, IL 61516?

Based on current inventory and days-on-market data as of March 2026, BENSON, IL 61516 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 36 days on market compared to 51 days last year.

How much can I save on real estate commission in BENSON, IL?

With SELL123.com's maximum 3% commission, sellers in BENSON, IL 61516 save an estimated $3,300 compared to a typical 5% commission on the median listing price of $165,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.