$1,897 Closing Credit*
$159,724
3 Beds
•2 Full Baths
Gabriel Paulick, Listing Office: Coldwell Banker Realty
Is Monessen, 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, Monessen was a Seller's Market.
Key Takeaway
Monessen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monessen, PA
How much do homes in Monessen, PA cost?
Median Sold Price
$94,500
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,700(-3.8%)
Key Takeaway
Homes in Monessen have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Monessen was $94,500 in November 2024, down 3.8% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $20K | -42.9% |
| 2 Bedrooms | $65.5K | $38K | -42.0% |
| 3 Bedrooms | $128.5K | $115K | -10.5% |
| 4 Bedrooms | $101.4K | $115K | +13.4% |
| 5+ Bedrooms | - | $37K | N/A |
Summary: Monessen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 42%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Belle Vernon | $165K | $216K | +30.9% |
| Rostraver Township | $228K | $260K | +14.0% |
| Monessen | $98.2K | $94.5K | -3.8% |
| Fallowfield Township | $168K | $160.7K | -4.3% |
| Carroll Township | $245K | $225K | -8.2% |
Housing Supply in Monessen, PA
How many homes are available in Monessen, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Monessen real estate market had 60 homes for sale in November 2024, a 7.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 28 | 30 | +7.1% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Monessen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monessen, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Monessen in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monessen, PA
How long does it take to sell a home in Monessen, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 42 Days | +142.0% |
Summary: Homes in Monessen had an average of 42 days on market in Nov 2024, up by 142% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monessen has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Monessen; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
