Is Monte Rio, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monte Rio is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Monte Rio was a Buyer's Market.

Key Takeaway

Monte Rio is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monte Rio, CA

How much do homes in Monte Rio, CA cost?

Median Sold Price

$662,000

$340/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$1,038,000(-61.1%)

Key Takeaway

Homes in Monte Rio have sold for 61.1% less than they did a month ago.

Summary: The median home sold price in Monte Rio was $662,000 in May 2024, down 61.1% from last month, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$865K
N/A
4 -$459K
N/A
5+ $1.7M-
N/A

Summary: Monte Rio housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Monte Rio, CA

How many homes are available in Monte Rio, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
912+33.3%

Summary: The Monte Rio real estate market had 12 homes for sale in May 2024, a 33.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 45
+25.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Monte Rio 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 150%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monte Rio, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Monte Rio in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Monte Rio, CA

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Monte Rio, CA

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