$282 Closing Credit*
$23,750
792 SqFt
2 Beds
•1 Full Bath
James Watson, Listing Office: Watson Real Estate Group
Is Monaca, PA 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, Monaca was a Seller's Market.
Key Takeaway
Monaca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monaca, PA
How much do homes in Monaca, PA cost?
Median Sold Price
$228,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,050(+6.1%)
Key Takeaway
Homes in Monaca have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Monaca was $228,000 in November 2024, up 6.1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $88.5K | N/A |
| 2 Bedrooms | $132K | $127.5K | -3.4% |
| 3 Bedrooms | $225K | $224.5K | -0.2% |
| 4 Bedrooms | $330K | $345K | +4.5% |
| 5+ Bedrooms | $519K | $250K | -51.8% |
Summary: Monaca 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 3.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
| Freedom | $250K | $279.9K | +12.0% |
| Monaca | $214.9K | $228K | +6.1% |
| Rochester | $135K | $137.5K | +1.9% |
Housing Supply in Monaca, PA
How many homes are available in Monaca, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 56 | +9.8% |
Summary: The Monaca real estate market had 56 homes for sale in November 2024, a 9.8% increase 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 | 11 | 10 | -9.1% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monaca 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 decreased by 9.1%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monaca, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Monaca in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for Monaca, PA
How long does it take to sell a home in Monaca, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 37 Days | -39.9% |
Summary: Homes in Monaca had an average of 37 days on market in Nov 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monaca are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Monaca; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
