Is Monroe County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Monroe County has remained a Seller's Market.

Key Takeaway

Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monroe County, NY

How much do homes in Monroe County, NY cost?

Median Sold Price

$243,724

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$13,923(+6.1%)

Key Takeaway

Homes in Monroe County have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Monroe County was $243,724 in November 2024, up 6.1% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127K$149.9K
+18.0%
2 $187.1K$203.9K
+9.0%
3 $220K$239K
+8.7%
4 $274.4K$285K
+3.9%
5+ $292.7K$275K
-6.1%

Summary: Monroe County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Counties

Livingston County
+15.6%
Ontario County
+7.9%
Monroe County
+6.1%
Genesee County
+6.0%
Orleans County
+3.6%

Housing Supply in Monroe County, NY

How many homes are available in Monroe County, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,2221,652-25.7%

Summary: The Monroe County real estate market had 1,652 homes for sale in November 2024, a 25.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1515
0.0%
2 302207
-31.5%
3 1,001745
-25.6%
4 624463
-25.8%
5+ 280222
-20.7%

Summary: The Monroe County 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 decreased by 31.5%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 25.8%, and 5+ bedroom homes decreased by 20.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
647566-12.5%

Asking Price vs. Sold Price

108 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

416 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you could pay more than the asking price. 73.5% of homes here sold above asking price last month.

Summary: A total of 566 homes were sold or pending in Monroe County in November 2024, down by 12.5% month-over-month. Of the 566 sold homes, 19% were sold under asking, 7% were sold at asking, and 73% were sold over asking.

Days on Market for Monroe County, NY

How long does it take to sell a home in Monroe County, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days13 Days+10.3%

Summary: Homes in Monroe County had an average of 13 days on market in Nov 2024, up by 10.3% compared to last year.

Breakdown of Home Sale Times

507 Homes Were Sold
Under 30 Days

49 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 566 homes were sold in Monroe County; 90% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

Newest Listings in Monroe County, NY

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