Is Monticello, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monticello is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Monticello was a Seller's Market.

Key Takeaway

Monticello is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Monticello, IN

How much do homes in Monticello, IN cost?

Median Sold Price

$232,500

$147/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$74,000(-24.1%)

Key Takeaway

Homes in Monticello have sold for 24.1% less than they did a month ago.

Summary: The median home sold price in Monticello was $232,500 in November 2024, down 24.1% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $164.9K$158.5K
-3.9%
3 $307.5K$270K
-12.2%
4 $994K$290K
-70.8%
5+ --
N/A

Summary: Monticello housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 70.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Union Township
-7.0%
Monticello
-24.1%
Jefferson Township
-28.5%

Housing Supply in Monticello, IN

How many homes are available in Monticello, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8369-16.9%

Summary: The Monticello real estate market had 69 homes for sale in November 2024, a 16.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 2219
-13.6%
3 3725
-32.4%
4 2219
-13.6%
5+ 13
+200.0%

Summary: The Monticello housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes decreased by 32.4%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
308-73.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 8 homes were sold or pending in Monticello in November 2024, down by 73.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Monticello, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Monticello, IN

Nearby Markets to Monticello, IN

What housing markets are near Monticello, IN?