$6,531 Closing Credit*
$550,000
2,514 SqFt
4 Beds
•2 Full Baths, 1 Partial
Tamela Hoffman, Listing Office: Hunt Real Estate ERA
Is West Monroe, NY 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, West Monroe was a Buyer's Market.
Key Takeaway
West Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Monroe, NY
How much do homes in West Monroe, NY cost?
Median Sold Price
$279,900
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$26,450(+10.4%)
Key Takeaway
Homes in West Monroe have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in West Monroe was $279,900 in December 2024, up 10.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $279.9K | N/A |
| 2 Bedrooms | $342.5K | $197K | -42.5% |
| 3 Bedrooms | $225.5K | $285K | +26.4% |
| 4 Bedrooms | $272.5K | $232.5K | -14.7% |
| 5+ Bedrooms | $275K | $595K | +116.4% |
Summary: West Monroe 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 decreased by 42.5%, 3 bedroom homes increased by 26.4%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 116.4%.
Median Sold Price Compared To Nearby Cities
| Hastings | $231.3K | $268K | +15.8% |
| West Monroe | $253.4K | $279.9K | +10.4% |
| Cicero | $240.4K | $259K | +7.7% |
| Brewerton | $274K | $275K | 0.4% |
Housing Supply in West Monroe, NY
How many homes are available in West Monroe, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The West Monroe real estate market had 6 homes for sale in December 2024, the same as November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Monroe 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Monroe, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in West Monroe in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for West Monroe, NY
How long does it take to sell a home in West Monroe, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +100.0% |
Summary: Homes in West Monroe had an average of 8 days on market in Dec 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Monroe are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in West Monroe; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
