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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monte Sereno is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Monte Sereno has remained a Seller's Market.

Key Takeaway

Monte Sereno is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monte Sereno, CA

How much do homes in Monte Sereno, CA cost?

Median Sold Price

$8,900,000

$1,306/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$3,750,000(+72.8%)

Key Takeaway

Homes in Monte Sereno have sold for 72.8% more than they did a month ago.

Summary: The median home sold price in Monte Sereno was $8,900,000 in May 2024, up 72.8% from last month, and the median price per square foot was $1,306.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $5.1M-
N/A
5+ $7.1M$8.9M
+24.0%

Summary: Monte Sereno 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 increased by 24%.

Housing Supply in Monte Sereno, CA

How many homes are available in Monte Sereno, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
910+11.1%

Summary: The Monte Sereno real estate market had 10 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 02
+100.0%
4 32
-33.3%
5+ 66
0.0%

Summary: The Monte Sereno 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monte Sereno, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Monte Sereno in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Monte Sereno, CA

How long does it take to sell a home in Monte Sereno, CA?

Average Sale Time

Apr 2024May 2024CHANGE
11 Days62 Days+439.1%

Summary: Homes in Monte Sereno had an average of 62 days on market in May 2024, up by 439.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monte Sereno has remained consistent over time.

Summary: During May 2024, 2 homes were sold in Monte Sereno; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

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