Is Monsey, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monsey has remained a Buyer's Market.
Key Takeaway
Monsey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monsey, NY
How much do homes in Monsey, NY cost?
Median Sold Price
$695,000
$402/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Monsey have sold for 24% less than they did a month ago.
Summary: The median home sold price in Monsey was $695,000 in April 2024, down 24% from last month, and the median price per square foot was $402.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $146.2K | -51.1% |
| 2 Bedrooms | - | $365K | N/A |
| 3 Bedrooms | $835K | $946.2K | +13.3% |
| 4 Bedrooms | $860K | $935K | +8.7% |
| 5+ Bedrooms | $999.9K | - | N/A |
Summary: Monsey housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 51.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes did not change.
Housing Supply in Monsey, NY
How many homes are available in Monsey, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 77 | +5.5% |
Summary: The Monsey real estate market had 77 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 24 | 27 | +12.5% |
| 5+ Bedrooms | 30 | 31 | +3.3% |
Summary: The Monsey 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monsey, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Monsey in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Monsey, NY
How long does it take to sell a home in Monsey, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 25 Days | -55.1% |
Summary: Homes in Monsey had an average of 25 days on market in Apr 2024, down by 55.1% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monsey are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Monsey; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.