$5,344 Closing Credit*
$450,000
1,644 SqFt
3 Beds
•2 Full Baths
#1989272, Patrick Sierra, Listing Office: Stark Company, REALTORS
Is Monona, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Monona has remained a Seller's 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
$445,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$300(-0.1%)
Key Takeaway
The sold price of homes in Monona has remained the same since last year.
Summary: The median home sold price in Monona was $445,000 in October 2024, down 0.1% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $481K | $234.2K | -51.3% |
| 2 Bedrooms | $277K | $350.5K | +26.5% |
| 3 Bedrooms | $450K | $439.5K | -2.3% |
| 4 Bedrooms | $473K | $545K | +15.2% |
| 5+ Bedrooms | $992.5K | $880.5K | -11.3% |
Summary: Monona housing prices by bedroom type for October 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 2.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Blooming Grove | $400.4K | $437.8K | +9.3% |
| Madison | $376K | $403.9K | +7.4% |
| Monona | $445.3K | $445K | -0.1% |
Housing Supply in Monona, WI
How many homes are available in Monona, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The Monona real estate market had 27 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monona 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 increased by 40%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monona, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Monona in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Monona, WI
We’re sorry, we don't have information for this market at the moment
