$4,149 Closing Credit*
$349,413
1,260 SqFt
2 Beds
•1 Full Bath
#73312728, Heidi Pafumi, Listing Office: Coldwell Banker Realty - Western MA
Is Monson, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Monson has remained a Seller's Market.
Key Takeaway
Monson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monson, MA
How much do homes in Monson, MA cost?
Median Sold Price
$385,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+18.5%)
Key Takeaway
Homes in Monson have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Monson was $385,000 in October 2024, up 18.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $265K | $307.5K | +16.0% |
| 3 Bedrooms | $335K | $370K | +10.4% |
| 4 Bedrooms | $325K | $457.4K | +40.8% |
| 5+ Bedrooms | $395K | $329.9K | -16.5% |
Summary: Monson 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 16%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 40.8%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Monson | $325K | $385K | +18.5% |
| Palmer | $300K | $330.2K | +10.1% |
| Palmer Town | $293.5K | $321K | +9.4% |
| Brimfield | $352.4K | $369.9K | +5.0% |
Housing Supply in Monson, MA
How many homes are available in Monson, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 16 | -38.5% |
Summary: The Monson real estate market had 16 homes for sale in October 2024, a 38.5% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Monson 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 decreased by 66.7%, 3 bedroom homes decreased by 35.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monson, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Monson in October 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Monson, MA
How long does it take to sell a home in Monson, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 34 Days | +30.2% |
Summary: Homes in Monson had an average of 34 days on market in Oct 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Monson; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
