Is Monson, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monson has remained a Seller's Market.
Key Takeaway
Monson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monson, MA
How much do homes in Monson, MA cost?
Median Sold Price
$340,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monson have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Monson was $340,000 in May 2024, up 1.5% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $276.2K | $265.9K | -3.7% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $380K | $372.6K | -1.9% |
| 5+ Bedrooms | $370K | $400K | +8.1% |
Summary: Monson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Palmer | $285.9K | $318.7K | +11.5% |
| Palmer Town | $280K | $305K | +8.9% |
| Monson | $335K | $340K | +1.5% |
| Brimfield | $374.9K | $360.2K | -3.9% |
Housing Supply in Monson, MA
How many homes are available in Monson, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Summary: The Monson real estate market had 23 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Monson 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 decreased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monson, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monson in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Monson, MA
How long does it take to sell a home in Monson, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 24 Days | +97.6% |
Summary: Homes in Monson had an average of 24 days on market in May 2024, up by 97.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Monson; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
