Is Monmouth, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Monmouth has remained a Neutral Market.
Housing Prices in Monmouth, OR
How much do homes in Monmouth, OR cost?
Median Sold Price
$612,371
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monmouth was $612,371 in March 2024, up 39.5% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $449.9K | $743.5K | +65.3% |
3 Bedrooms | $423.5K | $531.5K | +25.5% |
4 Bedrooms | $542.5K | $574K | +5.8% |
5+ Bedrooms | $344K | $650K | +89.0% |
Summary: Monmouth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.3%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 89%.
Median Sold Price Compared To Nearby Cities
Monmouth | $438.8K | $612.3K | +39.5% |
Monmouth-Independence | $425K | $499K | +17.4% |
Independence | $405.2K | $455K | +12.3% |
Housing Supply in Monmouth, OR
How many homes are available in Monmouth, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Monmouth real estate market had 18 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monmouth housing inventory by bedroom type for March 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 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Monmouth in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Monmouth, OR
How long does it take to sell a home in Monmouth, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
168 Days | 13 Days | -92.3% |
Summary: Homes in Monmouth had an average of 13 days on market in Mar 2024, down by 92.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Monmouth; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.