Is Monte Sereno, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, 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
$4,425,000
$1,493/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Monte Sereno have sold for 36.2% more than they did a year ago.
Summary: The median home sold price in Monte Sereno was $4,425,000 in June 2024, up 36.2% from last year, and the median price per square foot was $1,493.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.8M | $3.0M | +6.6% |
| 3 Bedrooms | $2.8M | $3.0M | +5.4% |
| 4 Bedrooms | $3.5M | $4.5M | +28.1% |
| 5+ Bedrooms | $4.7M | $5.7M | +21.2% |
Summary: Monte Sereno housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 21.2%.
Housing Supply in Monte Sereno, CA
How many homes are available in Monte Sereno, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Monte Sereno real estate market had 13 homes for sale in June 2024, a 18.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Monte Sereno housing inventory by bedroom type for June 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monte Sereno, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Monte Sereno in June 2024, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 23 Days | 42 Days | +81.8% |
Summary: Homes in Monte Sereno had an average of 42 days on market in Jun 2024, up by 81.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monte Sereno are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 7 homes were sold in Monte Sereno; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.