Is Monticello, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monticello was a Seller's Market.
Housing Prices in Monticello, GA
How much do homes in Monticello, GA cost?
Median Sold Price
$298,990
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monticello was $298,990 in April 2024, up 6.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $154.5K | $205K | +32.7% |
3 Bedrooms | $225K | $257.4K | +14.4% |
4 Bedrooms | $302.4K | $339.4K | +12.2% |
5+ Bedrooms | $304.9K | $447.7K | +46.8% |
Summary: Monticello housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 46.8%.
Housing Supply in Monticello, GA
How many homes are available in Monticello, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 124 | +17.0% |
Summary: The Monticello real estate market had 124 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 46 | 57 | +23.9% |
4 Bedrooms | 39 | 41 | +5.1% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Monticello housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Monticello in April 2024, up by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.
Days on Market for Monticello, GA
How long does it take to sell a home in Monticello, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 42 Days | -16.0% |
Summary: Homes in Monticello had an average of 42 days on market in Apr 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Monticello; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.