Is Monticello, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monticello was a Seller's Market.
Housing Prices in Monticello, GA
How much do homes in Monticello, GA cost?
Median Sold Price
$292,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monticello was $292,000 in March 2024, up 14.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $154.5K | $200K | +29.4% |
3 Bedrooms | $218K | $259.9K | +19.2% |
4 Bedrooms | $300.9K | $335K | +11.3% |
5+ Bedrooms | $304.9K | $475K | +55.7% |
Summary: Monticello housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 55.7%.
Housing Supply in Monticello, GA
How many homes are available in Monticello, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 112 | +23.1% |
Summary: The Monticello real estate market had 112 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 43 | 49 | +14.0% |
4 Bedrooms | 30 | 41 | +36.7% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Monticello housing inventory by bedroom type for March 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 14%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Monticello in March 2024, up by 11.8% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Monticello, GA
How long does it take to sell a home in Monticello, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 40 Days | -36.2% |
Summary: Homes in Monticello had an average of 40 days on market in Mar 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Monticello; 58% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.