$1,484 Closing Credit*
$125,000
1,072 SqFt
2 Beds
•2 Full Baths
Carter Balentine, Listing Office: Pinnacle Realty LLC
Is Monticello, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Monticello has remained a Seller's Market.
Key Takeaway
Monticello is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monticello, IA
How much do homes in Monticello, IA cost?
Median Sold Price
$159,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-3.3%)
Key Takeaway
Homes in Monticello have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Monticello was $159,000 in November 2024, down 3.3% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72.7K | - | N/A |
| 2 Bedrooms | $167.5K | $137.5K | -17.9% |
| 3 Bedrooms | $147K | $167.4K | +13.9% |
| 4 Bedrooms | $182K | $168.2K | -7.6% |
| 5+ Bedrooms | $180K | $145K | -19.4% |
Summary: Monticello housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
| Monticello | $164.5K | $159K | -3.3% |
| Lovell Township | $164.5K | $159K | -3.3% |
Housing Supply in Monticello, IA
How many homes are available in Monticello, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Monticello real estate market had 10 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monticello housing inventory by bedroom type for November 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 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monticello in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Monticello, IA
How long does it take to sell a home in Monticello, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 2 Days | 60 Days | +2925.0% |
Summary: Homes in Monticello had an average of 60 days on market in Nov 2024, up by 2925% compared to last year.
Breakdown of Home Sale Times
2 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 Monticello are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Monticello; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.