Is Monticello, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monticello was a Neutral Market.
Key Takeaway
Monticello is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monticello, NY
How much do homes in Monticello, NY cost?
Median Sold Price
$230,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monticello have sold for 19.5% more than they did a year ago.
Summary: The median home sold price in Monticello was $230,000 in March 2024, up 19.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $140K | $205K | +46.4% |
| 3 Bedrooms | $215K | $265K | +23.3% |
| 4 Bedrooms | $352.5K | $285K | -19.1% |
| 5+ Bedrooms | $295K | $327K | +10.8% |
Summary: Monticello housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.4%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 19.1%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Monticello | $192.5K | $230K | +19.5% |
| Thompson | $250K | $260K | +4.0% |
Housing Supply in Monticello, NY
How many homes are available in Monticello, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 74 | 74 | 0.0% |
Summary: The Monticello real estate market had 74 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Monticello 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 7.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Monticello in March 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Monticello, NY
How long does it take to sell a home in Monticello, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 112 Days | +73.3% |
Summary: Homes in Monticello had an average of 112 days on market in Mar 2024, up by 73.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monticello are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 8 homes were sold in Monticello; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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.