Is Monessen, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monessen was a Seller's Market.
Key Takeaway
Monessen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monessen, PA
How much do homes in Monessen, PA cost?
Median Sold Price
$95,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monessen have sold for 15.4% less than they did a year ago.
Summary: The median home sold price in Monessen was $95,000 in April 2024, down 15.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58K | $35K | -39.7% |
| 2 Bedrooms | $79.9K | $63K | -21.2% |
| 3 Bedrooms | $132.8K | $118K | -11.1% |
| 4 Bedrooms | $116K | $94.5K | -18.5% |
| 5+ Bedrooms | - | $37K | N/A |
Summary: Monessen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.7%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Carroll Township | $218.7K | $232K | +6.0% |
| Rostraver Township | $240K | $245K | +2.1% |
| Belle Vernon | $210K | $188K | -10.5% |
| Monessen | $112.2K | $95K | -15.4% |
Housing Supply in Monessen, PA
How many homes are available in Monessen, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The Monessen real estate market had 36 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Monessen 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 decreased by 11.1%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monessen, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monessen in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Monessen, PA
How long does it take to sell a home in Monessen, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 67 Days | +14.9% |
Summary: Homes in Monessen had an average of 67 days on market in Apr 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monessen are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Monessen; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.