Is Monmouth, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monmouth has remained a Buyer's Market.
Housing Prices in Monmouth, OR
How much do homes in Monmouth, OR cost?
Median Sold Price
$641,710
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monmouth was $641,710 in April 2024, up 46.2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $449.9K | $743.5K | +65.3% |
3 Bedrooms | $418.5K | $640.5K | +53.1% |
4 Bedrooms | $542.5K | $574K | +5.8% |
5+ Bedrooms | $344K | $650K | +89.0% |
Summary: Monmouth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65.3%, 3 bedroom homes increased by 53.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 89%.
Median Sold Price Compared To Nearby Cities
Monmouth | $438.8K | $641.7K | +46.2% |
Monmouth-Independence | $425K | $475.3K | +11.9% |
Independence | $407K | $422.5K | +3.8% |
Housing Supply in Monmouth, OR
How many homes are available in Monmouth, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Monmouth real estate market had 19 homes for sale in April 2024, a 26.7% increase 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 | 0 | 2 | +100.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Monmouth 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 increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Monmouth in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Monmouth, OR
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Monmouth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.