Is Monongahela, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monongahela is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Monongahela was a Seller's Market.

Key Takeaway

Monongahela is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Monongahela, PA

How much do homes in Monongahela, PA cost?

Median Sold Price

$189,900

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,900(+15.1%)

Key Takeaway

Homes in Monongahela have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in Monongahela was $189,900 in November 2024, up 15.1% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $88.4K$74.9K
-15.3%
3 $163.2K$205K
+25.6%
4 $270K$239.9K
-11.1%
5+ $170K$400K
+135.3%

Summary: Monongahela 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 15.3%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 135.3%.

Median Sold Price Compared To Nearby Cities

Monongahela
+15.1%
Carroll Township
-8.2%

Housing Supply in Monongahela, PA

How many homes are available in Monongahela, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4743-8.5%

Summary: The Monongahela real estate market had 43 homes for sale in November 2024, a 8.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1517
+13.3%
3 1813
-27.8%
4 1312
-7.7%
5+ 00
0.0%

Summary: The Monongahela 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 increased by 13.3%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monongahela, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Monongahela in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Monongahela, PA

How long does it take to sell a home in Monongahela, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days14 Days-67.2%

Summary: Homes in Monongahela had an average of 14 days on market in Nov 2024, down by 67.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monongahela are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Monongahela; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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