$6,886 Closing Credit*
$579,900
2,122 SqFt
5 Beds
•2 Full Baths
Listing Office: Malek Properties
Is Monticello, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 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, NY
How much do homes in Monticello, NY cost?
Median Sold Price
$280,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$71,500(+34.3%)
Key Takeaway
Homes in Monticello have sold for 34.3% more than they did a year ago.
Summary: The median home sold price in Monticello was $280,000 in October 2024, up 34.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $93.7K | -10.7% |
| 2 Bedrooms | $188K | $239.5K | +27.4% |
| 3 Bedrooms | $219K | $285K | +30.1% |
| 4 Bedrooms | $255K | $328.3K | +28.8% |
| 5+ Bedrooms | $297.5K | $461.2K | +55.0% |
Summary: Monticello housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 30.1%, 4 bedroom homes increased by 28.8%, and 5+ bedroom homes increased by 55%.
Median Sold Price Compared To Nearby Cities
| Monticello | $208.5K | $280K | +34.3% |
| Thompson | $240K | $295K | +22.9% |
Housing Supply in Monticello, NY
How many homes are available in Monticello, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 87 | -2.2% |
Summary: The Monticello real estate market had 87 homes for sale in October 2024, a 2.2% 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 | 22 | 20 | -9.1% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Monticello 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 9.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Monticello in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Monticello, NY
How long does it take to sell a home in Monticello, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 144 Days | +161.8% |
Summary: Homes in Monticello had an average of 144 days on market in Oct 2024, up by 161.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monticello are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Monticello; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.