Is Monaca, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Monaca was a Seller's Market.
Key Takeaway
Monaca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monaca, PA
How much do homes in Monaca, PA cost?
Median Sold Price
$200,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monaca have sold for 7% less than they did a year ago.
Summary: The median home sold price in Monaca was $200,000 in May 2024, down 7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83.5K | $47K | -43.7% |
| 2 Bedrooms | $123.2K | $135K | +9.5% |
| 3 Bedrooms | $219.5K | $223K | +1.6% |
| 4 Bedrooms | $337K | $340K | +0.9% |
| 5+ Bedrooms | $247.5K | $519K | +109.7% |
Summary: Monaca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.7%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 109.7%.
Median Sold Price Compared To Nearby Cities
| Freedom | $217.5K | $274K | +26.0% |
| Rochester | $135K | $135K | 0.0% |
| Monaca | $215K | $200K | -7.0% |
Housing Supply in Monaca, PA
How many homes are available in Monaca, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Monaca real estate market had 39 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monaca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monaca, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monaca in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Monaca, PA
How long does it take to sell a home in Monaca, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 53 Days | +83.5% |
Summary: Homes in Monaca had an average of 53 days on market in May 2024, up by 83.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monaca are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Monaca; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
