Is Monongahela, 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, Monongahela was a Seller's Market.
Key Takeaway
Monongahela is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monongahela, PA
How much do homes in Monongahela, PA cost?
Median Sold Price
$165,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monongahela have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Monongahela was $165,000 in May 2024, up 1.1% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.5K | - | N/A |
| 2 Bedrooms | $87K | $74K | -14.9% |
| 3 Bedrooms | $188K | $169.7K | -9.7% |
| 4 Bedrooms | $200K | $275K | +37.5% |
| 5+ Bedrooms | $148K | $250K | +68.9% |
Summary: Monongahela 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 decreased by 14.9%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 68.9%.
Median Sold Price Compared To Nearby Cities
| Monongahela | $163.2K | $165K | +1.1% |
| Carroll Township | $237.5K | $214.9K | -9.5% |
Housing Supply in Monongahela, PA
How many homes are available in Monongahela, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 43 | +26.5% |
Summary: The Monongahela real estate market had 43 homes for sale in May 2024, a 26.5% 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 | 11 | 13 | +18.2% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monongahela 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 18.2%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monongahela, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monongahela in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Monongahela, PA
How long does it take to sell a home in Monongahela, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 46 Days | +4.5% |
Summary: Homes in Monongahela had an average of 46 days on market in May 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monongahela are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Monongahela; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
