Is Monticello Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monticello Township has remained a Seller's Market.
Key Takeaway
Monticello Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monticello Township, MN
How much do homes in Monticello Township, MN cost?
Median Sold Price
$350,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monticello Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Monticello Township was $350,000 in April 2024, up 7.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $189.7K | N/A |
| 2 Bedrooms | $265K | $275K | +3.8% |
| 3 Bedrooms | $309.2K | $332.5K | +7.5% |
| 4 Bedrooms | $350K | $390K | +11.4% |
| 5+ Bedrooms | $463.5K | $447.5K | -3.5% |
Summary: Monticello Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Monticello | $320K | $350K | +9.4% |
| Monticello Township | $325K | $350K | +7.7% |
| Becker | $339K | $355K | +4.7% |
| Becker Township | $349.9K | $359.9K | +2.9% |
| Big Lake Township | $351K | $345K | -1.7% |
Housing Supply in Monticello Township, MN
How many homes are available in Monticello Township, MN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 71 | 82 | +15.5% |
Summary: The Monticello Township real estate market had 82 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 23 | 30 | +30.4% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Monticello Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello Township, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Monticello Township in April 2024, up by 46.7% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and 41% were sold over asking.
Days on Market for Monticello Township, MN
How long does it take to sell a home in Monticello Township, MN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 43 Days | -13.9% |
Summary: Homes in Monticello Township had an average of 43 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monticello Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Monticello Township; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
