$4,156 Closing Credit*
$350,000
1,085 SqFt
4 Beds
•1 Full Bath
Jessica Pankratz, Listing Office: Connected Real Estate Group
Is Monmouth, OR 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, Monmouth was a Seller's Market.
Key Takeaway
Monmouth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monmouth, OR
How much do homes in Monmouth, OR cost?
Median Sold Price
$455,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, down 31% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $579K | N/A |
| 2 Bedrooms | $691.6K | $412.4K | -40.4% |
| 3 Bedrooms | $641.7K | $438.5K | -31.7% |
| 4 Bedrooms | $646.5K | $750K | +16.0% |
| 5+ Bedrooms | $530K | $672.5K | +26.9% |
Summary: Monmouth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.4%, 3 bedroom homes decreased by 31.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Summary: The Monmouth real estate market had 15 homes for sale in October 2024, a 21.1% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Monmouth 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Monmouth in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 10 Days | -54.5% |
Summary: Homes in Monmouth had an average of 10 days on market in Oct 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monmouth are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Monmouth; 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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.