Is Monessen, PA 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, Monessen has remained a Seller's Market.
Housing Prices in Monessen, PA
How much do homes in Monessen, PA cost?
Median Sold Price
$102,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monessen was $102,000 in March 2024, down 2.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58K | $35K | -39.7% |
2 Bedrooms | $79.9K | $68K | -14.9% |
3 Bedrooms | $130K | $119.7K | -7.9% |
4 Bedrooms | $116K | $99.9K | -13.9% |
5+ Bedrooms | $247K | $21K | -91.5% |
Summary: Monessen housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.7%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 91.5%.
Median Sold Price Compared To Nearby Cities
Carroll Township | $209.5K | $232K | +10.7% |
Rostraver Township | $245K | $245K | 0.0% |
Monessen | $105K | $102K | -2.9% |
Fallowfield Township | $180K | $154.5K | -14.2% |
Belle Vernon | $212.5K | $179.9K | -15.3% |
Housing Supply in Monessen, PA
How many homes are available in Monessen, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 41 | +24.2% |
Summary: The Monessen real estate market had 41 homes for sale in March 2024, a 24.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Monessen housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 8 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Monessen in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Monessen, PA
How long does it take to sell a home in Monessen, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
105 Days | 60 Days | -42.9% |
Summary: Homes in Monessen had an average of 60 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Monessen; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.