Is Monticello, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monticello was a Neutral Market.
Housing Prices in Monticello, NY
How much do homes in Monticello, NY cost?
Median Sold Price
$234,250
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monticello was $234,250 in April 2024, up 23.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $142.5K | $206.5K | +44.9% |
3 Bedrooms | $215K | $275K | +27.9% |
4 Bedrooms | $351K | $292K | -16.8% |
5+ Bedrooms | $295K | $350K | +18.6% |
Summary: Monticello housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.9%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Monticello | $190K | $234.2K | +23.3% |
Thompson | $240K | $261K | +8.8% |
Housing Supply in Monticello, NY
How many homes are available in Monticello, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 66 | -2.9% |
Summary: The Monticello real estate market had 66 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 33 | 33 | 0.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Monticello housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Monticello in April 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Monticello, NY
How long does it take to sell a home in Monticello, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
132 Days | 95 Days | -28.1% |
Summary: Homes in Monticello had an average of 95 days on market in Apr 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Monticello; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.