$2,800,000
60.83 Acres
Land
Amy Pendley, Listing Office: Agri-Business Real Estate Services
Is Monmouth, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Monmouth was a Buyer's Market.
Key Takeaway
Monmouth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monmouth, OR
How much do homes in Monmouth, OR cost?
Median Sold Price
$455,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$204,500(-31.0%)
Key Takeaway
Homes in Monmouth have sold for 31% less than they did a year ago.
Summary: The median home sold price in Monmouth was $455,000 in November 2024, down 31% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $579K | N/A |
| 2 Bedrooms | $743.5K | $412.4K | -44.5% |
| 3 Bedrooms | $655.3K | $445K | -32.1% |
| 4 Bedrooms | $646.5K | $750K | +16.0% |
| 5+ Bedrooms | $530K | $672.5K | +26.9% |
Summary: Monmouth 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 decreased by 44.5%, 3 bedroom homes decreased by 32.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 26.9%.
Housing Supply in Monmouth, OR
How many homes are available in Monmouth, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Monmouth real estate market had 17 homes for sale in November 2024, a 5.6% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monmouth 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 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 Monmouth, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monmouth in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Monmouth, OR
How long does it take to sell a home in Monmouth, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 231 Days | 40 Days | -82.4% |
Summary: Homes in Monmouth had an average of 40 days on market in Nov 2024, down by 82.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monmouth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Monmouth; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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