Is Monroe County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$230,278
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.5K | $135.7K | +11.7% |
2 Bedrooms | $167.2K | $194.3K | +16.2% |
3 Bedrooms | $200K | $225K | +12.5% |
4 Bedrooms | $262.4K | $273K | +4.1% |
5+ Bedrooms | $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 | $212.1K | $230.2K | +8.5% |
Livingston County | $191.5K | $205K | +7.0% |
Genesee County | $175.3K | $178.5K | +1.8% |
Ontario County | $271.2K | $274.6K | +1.3% |
Orleans County | $157.6K | $159K | +0.9% |
Housing Supply in Monroe County, NY
How many homes are available in Monroe County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,457 | 1,431 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 197 | 184 | -6.6% |
3 Bedrooms | 665 | 643 | -3.3% |
4 Bedrooms | 383 | 390 | +1.8% |
5+ Bedrooms | 203 | 208 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
360 | 387 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 14 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
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.