Is Montello, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montello is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Montello was a Neutral Market.

Key Takeaway

Montello is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montello, WI

How much do homes in Montello, WI cost?

Median Sold Price

$281,000

$195/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$8,500(+3.1%)

Key Takeaway

Homes in Montello have sold for 3.1% more than they did a month ago.

Summary: The median home sold price in Montello was $281,000 in October 2024, up 3.1% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $207.5K$176.5K
-14.9%
3 $307.5K$298.5K
-2.9%
4 -$354K
N/A
5+ -$305K
N/A

Summary: Montello housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Montello, WI

How many homes are available in Montello, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6063+5.0%

Summary: The Montello real estate market had 63 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2224
+9.1%
3 2323
0.0%
4 910
+11.1%
5+ 66
0.0%

Summary: The Montello 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 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montello, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Montello in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for Montello, WI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 20 Days Ago

Newest Listings in Montello, WI

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