Is Monona, WI 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, 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
$450,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monona have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in Monona was $450,000 in April 2024, up 26.8% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.2K | $223K | -34.3% |
| 2 Bedrooms | $292.5K | $349K | +19.3% |
| 3 Bedrooms | $325K | $450K | +38.5% |
| 4 Bedrooms | $387.5K | $545K | +40.6% |
| 5+ Bedrooms | - | $992.5K | N/A |
Summary: Monona housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Madison | $294K | $390.3K | +32.8% |
| Monona | $355K | $450K | +26.8% |
Housing Supply in Monona, WI
How many homes are available in Monona, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Monona real estate market had 27 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monona housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monona, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Monona in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Monona, WI
We’re sorry, we don't have information for this market at the moment
