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.
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
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
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
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.