Is Montesano, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Montesano was a Seller's Market.
Key Takeaway
Montesano is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montesano, WA
How much do homes in Montesano, WA cost?
Median Sold Price
$399,900
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montesano have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Montesano was $399,900 in May 2024, up 11.1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $472K | $254K | -46.2% |
| 2 Bedrooms | $290K | $326.5K | +12.6% |
| 3 Bedrooms | $367.5K | $425K | +15.6% |
| 4 Bedrooms | $387.4K | $430K | +11.0% |
| 5+ Bedrooms | $472.5K | $375.5K | -20.5% |
Summary: Montesano housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Montesano | $360K | $399.9K | +11.1% |
| Aberdeen-Hoquiam | $260K | $265K | +1.9% |
Housing Supply in Montesano, WA
How many homes are available in Montesano, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Summary: The Montesano real estate market had 29 homes for sale in May 2024, a 7.4% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montesano 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 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montesano, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Montesano in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Montesano, WA
How long does it take to sell a home in Montesano, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 99 Days | +162.9% |
Summary: Homes in Montesano had an average of 99 days on market in May 2024, up by 162.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montesano has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Montesano; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.