$10,000 Closing Credit*
$1,700,000
3,148 SqFt
4 Beds
•2 Full Baths, 1 Partial
#1985924, Jimmer Yunek, Listing Office: Stark Company, REALTORS
Is Monona, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Monona has remained a Seller's Market.
Key Takeaway
Monona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monona, WI
How much do homes in Monona, WI cost?
Median Sold Price
$452,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$41,050(+10.0%)
Key Takeaway
Homes in Monona have sold for 10% more than they did a year ago.
Summary: The median home sold price in Monona was $452,000 in August 2024, up 10% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $481K | $234.2K | -51.3% |
| 2 Bedrooms | $277K | $366K | +32.1% |
| 3 Bedrooms | $447.6K | $453K | +1.2% |
| 4 Bedrooms | $461K | $542.5K | +17.7% |
| 5+ Bedrooms | $1.4M | $685K | -51.6% |
Summary: Monona housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.3%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 51.6%.
Median Sold Price Compared To Nearby Cities
| Monona | $410.9K | $452K | +10.0% |
| Madison | $365K | $400K | +9.6% |
Housing Supply in Monona, WI
How many homes are available in Monona, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Summary: The Monona real estate market had 25 homes for sale in August 2024, a 10.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monona housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 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 Monona, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monona in August 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Monona, WI
We’re sorry, we don't have information for this market at the moment
