$6,531 Closing Credit*
$550,000
2,420 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Century 21 Geba Realty
Is Monticello, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$285,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$81,750(+40.2%)
Key Takeaway
Homes in Monticello have sold for 40.2% more than they did a year ago.
Summary: The median home sold price in Monticello was $285,000 in September 2024, up 40.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $93.7K | -10.7% |
| 2 Bedrooms | $188K | $239K | +27.1% |
| 3 Bedrooms | $200K | $290K | +45.0% |
| 4 Bedrooms | $250K | $335K | +34.0% |
| 5+ Bedrooms | $297.5K | $354K | +19.0% |
Summary: Monticello housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Monticello | $203.2K | $285K | +40.2% |
| Thompson | $240K | $299K | +24.6% |
Housing Supply in Monticello, NY
How many homes are available in Monticello, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 86 | 91 | +5.8% |
Summary: The Monticello real estate market had 91 homes for sale in September 2024, a 5.8% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 33 | 36 | +9.1% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Monticello housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monticello, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Monticello in September 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 42 Days | 55 Days | +31.9% |
Summary: Homes in Monticello had an average of 55 days on market in Sep 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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 September 2024, 11 homes were sold in Monticello; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% 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.