$5,047 Closing Credit*
$425,000
1,365 SqFt
3 Beds
•2 Full Baths
#1990724, Michael Leeson, Listing Office: Realty Executives Cooper Spransy
Is Monona, WI 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, Monona was a Neutral Market.
Key Takeaway
Monona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monona, WI
How much do homes in Monona, WI cost?
Median Sold Price
$450,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,350(+0.5%)
Key Takeaway
Homes in Monona have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Monona was $450,000 in November 2024, up 0.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $481K | $234.2K | -51.3% |
| 2 Bedrooms | $277K | $350.5K | +26.5% |
| 3 Bedrooms | $450K | $448K | -0.4% |
| 4 Bedrooms | $485K | $545K | +12.4% |
| 5+ Bedrooms | $992.5K | $880.5K | -11.3% |
Summary: Monona housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.3%, 2 bedroom homes increased by 26.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Blooming Grove | $400.4K | $440.8K | +10.1% |
| Madison | $380.1K | $404.6K | +6.5% |
| Monona | $447.6K | $450K | 0.5% |
Housing Supply in Monona, WI
How many homes are available in Monona, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The Monona real estate market had 20 homes for sale in November 2024, a 20.0% decrease 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Monona 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 16.7%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monona, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monona in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Monona, WI
We’re sorry, we don't have information for this market at the moment
