Is Monsey, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monsey has remained a Buyer's Market.
Key Takeaway
Monsey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monsey, NY
How much do homes in Monsey, NY cost?
Median Sold Price
$907,500
$379/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Monsey have sold for 21.4% more than they did a month ago.
Summary: The median home sold price in Monsey was $907,500 in March 2024, up 21.4% from last month, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $304K | +76.2% |
| 2 Bedrooms | $375K | - | N/A |
| 3 Bedrooms | - | $835K | N/A |
| 4 Bedrooms | $877K | $860K | -1.9% |
| 5+ Bedrooms | $1.4M | $999.9K | -32.2% |
Summary: Monsey housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 76.2%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 32.2%.
Housing Supply in Monsey, NY
How many homes are available in Monsey, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 85 | +7.6% |
Summary: The Monsey real estate market had 85 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Monsey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monsey, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Monsey in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Monsey, NY
How long does it take to sell a home in Monsey, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 60 Days | +19.9% |
Summary: Homes in Monsey had an average of 60 days on market in Mar 2024, up by 19.9% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monsey are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Monsey; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.