$3,088 Closing Credit*
$260,000
1,350 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is Monticello, MN 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, MN
How much do homes in Monticello, MN cost?
Median Sold Price
$350,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.4%)
Key Takeaway
Homes in Monticello have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Monticello was $350,000 in November 2024, up 1.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.7K | - | N/A |
| 2 Bedrooms | $270.5K | $279.9K | +3.5% |
| 3 Bedrooms | $316.2K | $337.5K | +6.7% |
| 4 Bedrooms | $377.5K | $367.5K | -2.6% |
| 5+ Bedrooms | $513.5K | $510K | -0.7% |
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 increased by 3.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Monticello Township | $344.3K | $350K | +1.6% |
| Monticello | $345K | $350K | +1.4% |
Housing Supply in Monticello, MN
How many homes are available in Monticello, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 74 | +4.2% |
Summary: The Monticello real estate market had 74 homes for sale in November 2024, a 4.2% increase 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 | 11 | 15 | +36.4% |
| 3 Bedrooms | 28 | 23 | -17.9% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
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 increased by 36.4%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Monticello in November 2024, down by 21.1% month-over-month. Of the 15 sold homes, 20% were sold under asking, 47% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | +2.0% |
Summary: Homes in Monticello had an average of 30 days on market in Nov 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 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 November 2024, 15 homes were sold in Monticello; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
