Is Monson, MA 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, Monson has remained a Seller's Market.
Key Takeaway
Monson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monson, MA
How much do homes in Monson, MA cost?
Median Sold Price
$339,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monson have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Monson was $339,500 in April 2024, up 1.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $287.5K | $265.4K | -7.7% |
| 3 Bedrooms | $325K | $350K | +7.7% |
| 4 Bedrooms | $400K | $330K | -17.5% |
| 5+ Bedrooms | $370K | $407.5K | +10.1% |
Summary: Monson 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 decreased by 7.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Palmer | $283.2K | $315K | +11.2% |
| Wales | $280K | $308K | +10.0% |
| Palmer Town | $279.9K | $301.7K | +7.8% |
| Monson | $335K | $339.5K | +1.3% |
| Brimfield | $375K | $362.5K | -3.3% |
Housing Supply in Monson, MA
How many homes are available in Monson, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Monson real estate market had 21 homes for sale in April 2024, a 5.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Monson 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monson, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Monson in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Monson, MA
How long does it take to sell a home in Monson, MA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 20 Days | -80.0% |
Summary: Homes in Monson had an average of 20 days on market in Apr 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Monson; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
