Is Monticello, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monticello is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Monticello has remained a Seller's Market.

Key Takeaway

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

How much do homes in Monticello, MN cost?

Median Sold Price

$305,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$16,500(+5.7%)

Key Takeaway

Homes in Monticello have sold for 5.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $130K-
N/A
2 $248K$264.9K
+6.8%
3 $270K$297.9K
+10.3%
4 $312.5K$338K
+8.2%
5+ $370K$405.9K
+9.7%

Median Sold Price Compared To Nearby Cities

Becker
+10.7%
Monticello
+5.7%
Big Lake Township
+5.1%
Becker Township
+4.3%
Monticello Township
+2.6%

How many homes are available in Monticello, MN?

Number of Homes For Sale

Sep 2022Oct 2022%
6158-4.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1518
+20.0%
3 2821
-25.0%
4 1416
+14.3%
5+ 43
-25.0%

Number of Homes Sold

Sep 2022Oct 2022%
2111-47.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monticello, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days32 Days+78.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 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 Monticello has remained consistent over time.

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

About Monticello, MN

Number of homes for sale in Monticello, MN real estate market have reached 58. The number of listings in Monticello, MN decreased by 4.9% between September 2022 and October 2022. Listings spent 32 days on the market in October 2022, and had a median list price of $305,000 during the same period. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 6.8%, 3 bedrooms properties prices increased by 10.3%, prices of 4 bedrooms properties went up by 8.2%, 5 bedrooms properties prices increased by 9.7%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 20%, volume of 3 bedrooms homes went down by 25%, 4 bedrooms homes inventory increased by 14.3%, number of 5 bedrooms homes decreased by 25%. In October 2022 more than 3 listings in Monticello, MN were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below.

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