$1,685 Closing Credit*
$141,900
3 Beds
•1 Full Bath
Thomas J Conn Sr, Listing Office: Conn Realty, Inc.
Is Monessen, PA 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, Monessen was a Seller's Market.
Key Takeaway
Monessen 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 Monessen, PA
How much do homes in Monessen, PA cost?
Median Sold Price
$94,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$500(-0.5%)
Key Takeaway
Homes in Monessen have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Monessen was $94,500 in October 2024, down 0.5% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | - | N/A |
| 2 Bedrooms | $68K | $38K | -44.1% |
| 3 Bedrooms | $123K | $114K | -7.3% |
| 4 Bedrooms | $99.9K | $110.5K | +10.6% |
| 5+ Bedrooms | - | $21K | N/A |
Summary: Monessen 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 44.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Belle Vernon | $169.4K | $215K | +26.9% |
| Rostraver Township | $226K | $260K | +15.0% |
| Monessen | $95K | $94.5K | -0.5% |
| Carroll Township | $240K | $225K | -6.3% |
| Fallowfield Township | $168K | $156.9K | -6.6% |
Housing Supply in Monessen, PA
How many homes are available in Monessen, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The Monessen real estate market had 58 homes for sale in October 2024, a 20.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 22 | 30 | +36.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Monessen 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monessen, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Monessen in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 20 Days | -55.6% |
Summary: Homes in Monessen had an average of 20 days on market in Oct 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monessen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Monessen; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
