Is Montebello, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montebello has remained a Seller's Market.
Key Takeaway
Montebello is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montebello, NY
How much do homes in Montebello, NY cost?
Median Sold Price
$855,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montebello have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Montebello was $855,000 in May 2024, down 0.6% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $399K | - | N/A |
| 2 Bedrooms | $481K | $675K | +40.3% |
| 3 Bedrooms | $496.2K | $665K | +34.0% |
| 4 Bedrooms | $799K | $865K | +8.3% |
| 5+ Bedrooms | $1.2M | $987.5K | -21.0% |
Summary: Montebello housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.3%, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 21%.
Housing Supply in Montebello, NY
How many homes are available in Montebello, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 46 | +12.2% |
Summary: The Montebello real estate market had 46 homes for sale in May 2024, a 12.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Montebello housing inventory by bedroom type for May 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 28.6%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montebello, 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 Montebello in May 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Montebello, NY
How long does it take to sell a home in Montebello, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 28 Days | -25.6% |
Summary: Homes in Montebello had an average of 28 days on market in May 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montebello are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Montebello; 50% of homes were sold within 30 days, 50% 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.