$3,324 Closing Credit*
$279,900
1,789 SqFt
3 Beds
•1 Full Bath
Listing Office: Northstar Real Estate Associates
Is Monticello, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, MN
How much do homes in Monticello, MN cost?
Median Sold Price
$355,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,500(+3.3%)
Key Takeaway
Homes in Monticello have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Monticello was $355,000 in December 2024, up 3.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.7K | - | N/A |
| 2 Bedrooms | $270.5K | $284.9K | +5.3% |
| 3 Bedrooms | $312.5K | $338K | +8.2% |
| 4 Bedrooms | $381K | $367.5K | -3.5% |
| 5+ Bedrooms | $476K | $520.7K | +9.4% |
Summary: Monticello housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Monticello | $343.5K | $355K | +3.3% |
| Monticello Township | $344K | $355K | +3.2% |
Housing Supply in Monticello, MN
How many homes are available in Monticello, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 67 | 57 | -14.9% |
Summary: The Monticello real estate market had 57 homes for sale in December 2024, a 14.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Monticello housing inventory by bedroom type for December 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 20%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Monticello in December 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Monticello, MN
How long does it take to sell a home in Monticello, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +5.7% |
Summary: Homes in Monticello had an average of 36 days on market in Dec 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were 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 December 2024, 9 homes were sold in Monticello; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
