Is Monticello, NY 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, Monticello was a Seller's Market.
Key Takeaway
Monticello is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monticello, NY
How much do homes in Monticello, NY cost?
Median Sold Price
$233,250
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monticello have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Monticello was $233,250 in May 2024, up 21.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $93.7K | N/A |
| 2 Bedrooms | $141.2K | $208.5K | +47.6% |
| 3 Bedrooms | $225K | $277.5K | +23.3% |
| 4 Bedrooms | $318.5K | $304.5K | -4.4% |
| 5+ Bedrooms | $272.5K | $351.5K | +29.0% |
Summary: Monticello 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 47.6%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Monticello | $192.5K | $233.2K | +21.2% |
| Thompson | $240K | $261K | +8.8% |
Housing Supply in Monticello, NY
How many homes are available in Monticello, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 68 | +11.5% |
Summary: The Monticello real estate market had 68 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 30 | 32 | +6.7% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Monticello 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 increased by 10%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monticello in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monticello, NY
How long does it take to sell a home in Monticello, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 48 Days | -31.9% |
Summary: Homes in Monticello had an average of 48 days on market in May 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monticello has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Monticello; 20% of homes were sold within 30 days, 80% 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.