Is Monroe County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroe County has remained a Seller's Market.
Key Takeaway
Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe County, NY
How much do homes in Monroe County, NY cost?
Median Sold Price
$234,971
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroe County have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Monroe County was $234,971 in May 2024, up 9.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.5K | $136K | +11.9% |
| 2 Bedrooms | $169.9K | $199.1K | +17.1% |
| 3 Bedrooms | $200K | $228.9K | +14.4% |
| 4 Bedrooms | $260.6K | $276.6K | +6.2% |
| 5+ Bedrooms | $329.9K | $270.6K | -18.0% |
Summary: Monroe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 18%.
Median Sold Price Compared To Nearby Counties
| Monroe County | $214.8K | $234.9K | +9.4% |
| Livingston County | $192K | $210K | +9.4% |
| Genesee County | $175.1K | $180K | +2.8% |
| Orleans County | $160K | $161K | +0.6% |
| Ontario County | $281.2K | $279.8K | -0.5% |
Housing Supply in Monroe County, NY
How many homes are available in Monroe County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,783 | 1,872 | +5.0% |
Summary: The Monroe County real estate market had 1,872 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 224 | 237 | +5.8% |
| 3 Bedrooms | 781 | 828 | +6.0% |
| 4 Bedrooms | 534 | 580 | +8.6% |
| 5+ Bedrooms | 233 | 215 | -7.7% |
Summary: The Monroe County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 503 | 475 | -5.6% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
380 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 475 homes were sold or pending in Monroe County in May 2024, down by 5.6% month-over-month. Of the 475 sold homes, 12% were sold under asking, 8% were sold at asking, and 80% were sold over asking.
Days on Market for Monroe County, NY
How long does it take to sell a home in Monroe County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 14 Days | +12.1% |
Summary: Homes in Monroe County had an average of 14 days on market in May 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
443 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 475 homes were sold in Monroe County; 93% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% 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.