Is Monticello, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monticello was a Seller's Market.
Key Takeaway
Monticello is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monticello, GA
How much do homes in Monticello, GA cost?
Median Sold Price
$298,990
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monticello have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Monticello was $298,990 in April 2024, up 6.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154.5K | $205K | +32.7% |
| 3 Bedrooms | $225K | $257.4K | +14.4% |
| 4 Bedrooms | $302.4K | $339.4K | +12.2% |
| 5+ Bedrooms | $304.9K | $447.7K | +46.8% |
Summary: Monticello 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 32.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 46.8%.
Housing Supply in Monticello, GA
How many homes are available in Monticello, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 124 | +17.0% |
Summary: The Monticello real estate market had 124 homes for sale in April 2024, a 17.0% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 46 | 57 | +23.9% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Monticello 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 50%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Monticello in April 2024, up by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.
Days on Market for Monticello, GA
How long does it take to sell a home in Monticello, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 42 Days | -16.0% |
Summary: Homes in Monticello had an average of 42 days on market in Apr 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monticello are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Monticello; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.