Is Monroe County, NY 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, Monroe County has remained a Seller's Market.
Housing Prices in Monroe County, NY
How much do homes in Monroe County, NY cost?
Median Sold Price
$232,398
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe County was $232,398 in April 2024, up 9.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $135.5K | +8.4% |
2 Bedrooms | $167K | $196.3K | +17.6% |
3 Bedrooms | $200K | $226.2K | +13.1% |
4 Bedrooms | $259.9K | $275K | +5.8% |
5+ Bedrooms | $342.4K | $275K | -19.7% |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Counties
Monroe County | $212.1K | $232.3K | +9.6% |
Livingston County | $191.5K | $207.8K | +8.5% |
Genesee County | $175K | $180K | +2.9% |
Ontario County | $276K | $278.2K | +0.8% |
Orleans County | $159K | $159.8K | 0.5% |
Housing Supply in Monroe County, NY
How many homes are available in Monroe County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,603 | 1,549 | -3.4% |
Summary: The Monroe County real estate market had 1,549 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 209 | 197 | -5.7% |
3 Bedrooms | 723 | 668 | -7.6% |
4 Bedrooms | 440 | 466 | +5.9% |
5+ Bedrooms | 222 | 206 | -7.2% |
Summary: The Monroe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 7.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
478 | 403 | -15.7% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
313 Homes Were Sold
Over Asking
Summary: A total of 403 homes were sold or pending in Monroe County in April 2024, down by 15.7% month-over-month. Of the 403 sold homes, 14% were sold under asking, 8% were sold at asking, and 78% were sold over asking.
Days on Market for Monroe County, NY
How long does it take to sell a home in Monroe County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 20 Days | +55.3% |
Summary: Homes in Monroe County had an average of 20 days on market in Apr 2024, up by 55.3% compared to last year.
Breakdown of Home Sale Times
360 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 403 homes were sold in Monroe County; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.