Is Monroe County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Monroe County, NY

How much do homes in Monroe County, NY cost?

Median Sold Price

$230,278

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,095(+8.5%)

Key Takeaway

Homes in Monroe County have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Monroe County was $230,278 in March 2024, up 8.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $121.5K$135.7K
+11.7%
2 $167.2K$194.3K
+16.2%
3 $200K$225K
+12.5%
4 $262.4K$273K
+4.1%
5+ $350K$269.1K
-23.1%

Summary: Monroe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 23.1%.

Median Sold Price Compared To Nearby Counties

Monroe County
+8.5%
Livingston County
+7.0%
Genesee County
+1.8%
Ontario County
+1.3%
Orleans County
+0.9%

Housing Supply in Monroe County, NY

How many homes are available in Monroe County, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,4571,431-1.8%

Summary: The Monroe County real estate market had 1,431 homes for sale in March 2024, a 1.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 96
-33.3%
2 197184
-6.6%
3 665643
-3.3%
4 383390
+1.8%
5+ 203208
+2.5%

Summary: The Monroe County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
360387+7.5%

Asking Price vs. Sold Price

67 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

300 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you could pay more than the asking price. 77.5% of homes here sold above asking price last month.

Summary: A total of 387 homes were sold or pending in Monroe County in March 2024, up by 7.5% month-over-month. Of the 387 sold homes, 17% were sold under asking, 5% were sold at asking, and 78% 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

Mar 2023Mar 2024CHANGE
15 Days14 Days-6.5%

Summary: Homes in Monroe County had an average of 14 days on market in Mar 2024, down by 6.5% compared to last year.

Breakdown of Home Sale Times

346 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 387 homes were sold in Monroe County; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Monroe County, NY

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What housing markets are near Monroe County, NY?