Is Monaca, PA 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, Monaca has remained a Seller's Market.
Housing Prices in Monaca, PA
How much do homes in Monaca, PA cost?
Median Sold Price
$223,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monaca was $223,000 in April 2024, up 41.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $47K | -60.8% |
2 Bedrooms | $115K | $135K | +17.4% |
3 Bedrooms | $187.5K | $224K | +19.5% |
4 Bedrooms | $327K | $345K | +5.5% |
5+ Bedrooms | - | $519K | N/A |
Summary: Monaca housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.8%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Freedom | $156.5K | $251.2K | +60.5% |
Monaca | $158K | $223K | +41.1% |
Rochester | $123K | $135K | +9.8% |
Housing Supply in Monaca, PA
How many homes are available in Monaca, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 31 | -20.5% |
Summary: The Monaca real estate market had 31 homes for sale in April 2024, a 20.5% decrease 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 | 9 | 3 | -66.7% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monaca 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 decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 9 | -47.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Monaca in April 2024, down by 47.1% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Monaca, PA
How long does it take to sell a home in Monaca, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
89 Days | 58 Days | -34.1% |
Summary: Homes in Monaca had an average of 58 days on market in Apr 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Monaca; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.