$2,601 Closing Credit*
$219,000
1,125 SqFt
2 Beds
•2 Full Baths
Julie McGinnis, Listing Office: McGinnis Realty & Appraisals
Is Monticello, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Monticello was a Seller's Market.
Key Takeaway
Monticello is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monticello, GA
How much do homes in Monticello, GA cost?
Median Sold Price
$317,520
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,025(+13.2%)
Key Takeaway
Homes in Monticello have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Monticello was $317,520 in October 2024, up 13.2% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.5K | $227.5K | +26.7% |
| 3 Bedrooms | $250.2K | $298.9K | +19.5% |
| 4 Bedrooms | $320.4K | $337K | +5.2% |
| 5+ Bedrooms | $405K | $435.4K | +7.5% |
Summary: Monticello housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Monticello, GA
How many homes are available in Monticello, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 121 | +2.5% |
Summary: The Monticello real estate market had 121 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 61 | 59 | -3.3% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Monticello housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Monticello in October 2024, up by 12.5% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Monticello, GA
How long does it take to sell a home in Monticello, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 59 Days | +72.7% |
Summary: Homes in Monticello had an average of 59 days on market in Oct 2024, up by 72.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monticello are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Monticello; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.