Is Monmouth, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monmouth has remained a Buyer's Market.
Key Takeaway
Monmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monmouth, OR
How much do homes in Monmouth, OR cost?
Median Sold Price
$641,710
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monmouth have sold for 46.2% more than they did a year ago.
Summary: The median home sold price in Monmouth was $641,710 in April 2024, up 46.2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $449.9K | $743.5K | +65.3% |
| 3 Bedrooms | $418.5K | $640.5K | +53.1% |
| 4 Bedrooms | $542.5K | $574K | +5.8% |
| 5+ Bedrooms | $344K | $650K | +89.0% |
Summary: Monmouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.3%, 3 bedroom homes increased by 53.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 89%.
Median Sold Price Compared To Nearby Cities
| Monmouth | $438.8K | $641.7K | +46.2% |
| Monmouth-Independence | $425K | $475.3K | +11.9% |
| Independence | $407K | $422.5K | +3.8% |
Housing Supply in Monmouth, OR
How many homes are available in Monmouth, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Summary: The Monmouth real estate market had 19 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Monmouth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monmouth, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Monmouth in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Monmouth, OR
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monmouth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Monmouth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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