Is Monroe County, NY 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, Monroe County has remained a Seller's Market.
Housing Prices in Monroe County, NY
How much do homes in Monroe County, NY cost?
Median Sold Price
$235,060
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Monroe County was $235,060 in June 2024, up 8.3% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $137.5K | +18.5% |
2 Bedrooms | $171.7K | $200K | +16.5% |
3 Bedrooms | $201K | $230K | +14.4% |
4 Bedrooms | $264.3K | $275.2K | +4.1% |
5+ Bedrooms | $325K | $271.1K | -16.6% |
Summary: Monroe County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Counties
Livingston County | $192K | $212.5K | +10.7% |
Monroe County | $217K | $235K | +8.3% |
Ontario County | $276.6K | $283K | +2.3% |
Genesee County | $176.7K | $180K | +1.8% |
Orleans County | $162.5K | $162K | -0.3% |
Housing Supply in Monroe County, NY
How many homes are available in Monroe County, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
2,132 | 1,932 | -9.4% |
Summary: The Monroe County real estate market had 1,932 homes for sale in June 2024, a 9.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 262 | 240 | -8.4% |
3 Bedrooms | 952 | 884 | -7.1% |
4 Bedrooms | 643 | 565 | -12.1% |
5+ Bedrooms | 262 | 233 | -11.1% |
Summary: The Monroe County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
598 | 523 | -12.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
443 Homes Were Sold
Over Asking
Summary: A total of 523 homes were sold or pending in Monroe County in June 2024, down by 12.5% month-over-month. Of the 523 sold homes, 9% were sold under asking, 6% were sold at asking, and 85% were sold over asking.
Days on Market for Monroe County, NY
How long does it take to sell a home in Monroe County, NY?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
11 Days | 11 Days | -3.1% |
Summary: Homes in Monroe County had an average of 11 days on market in Jun 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
492 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During June 2024, 523 homes were sold in Monroe County; 94% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.