Mono Real Estate Statistics

Mono Real Estate Price Trend
Mono real estate average sold price in the last 30 days (September 23 - October 22) was $2,405,818, which is $786,018 (32.7 %) higher than the average price of $1,619,800 in the previous 30 day period (August 24 - September 22), and $1,204,079 (50.0 %) up from the same period 1 year ago ($1,201,739). Mono real estate prices over the last 30 days are also $988,274 (41.1 %) higher than the average selling price of $1,417,544 over the past year.
Mono average sold price for homes was $2,405,818 in the last 30 days (September 23 - October 22), which is $786,018 (32.7 %) up from the average home price of $1,619,800 in the previous 30 day period (August 24 - September 22), and $1,204,079 (50.0 %) higher than the same period 1 year ago ($1,201,739). In the last 30 days Mono the average home price was $985,215 (41.0 %) higher than the average selling price of $1,420,603 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Mono real estate was $2,405,818 in the last 30 days (September 23 - October 22), which is collectively $48,918 (3.6 %) lower than the average asking price of $1,342,758. This represents an increase of $5,956 (10.9 %) compared to $54,874 (3.1 %) Sold-Under-Asking price from the previous 30 day period (August 24 - September 22).
The maximum Sold Over/Under Asking ratio in Mono during the last 12 months was recorded in March, 2021 with an average of $28,097 over the asking price, while the minimum occurring in August, 2021 with $78,269 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Mono was 64.7 % with 11 properties sold and 16 new properties listed in the past 30 days (September 23 - October 22). This represents an increase from 62.5 % recorded during the previous 30 day period (August 24 - September 22), and a decrease from 95.8 % compared to the same period one year ago.
Over the the last year the highest SNLR in Mono was 800.0 % recorded in December and the lowest was in September at 47.6 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 11 properties that were successfully sold in Mono in the last 30 days (September 23 - October 22) was 29 days, which is 9 days more than 20 days average in the previous 30 day period (August 24 - September 22) and 12 days longer than during the same period a year ago (17 days).
There were 5 delisted properties in Mono, those that got either Expired, Suspended or Terminated over the last 30 days (September 23 - October 22) with an average of 60 days on the market. This is 23 days longer than the average of 37 days during the previous 30 day period (August 24 - September 22) and 27 days more compared to the same period last year average of 33 days on the market.
5 Mono properties that didn't sell stayed on the market 106.9 % longer than 11 that sucessfully sold over the last 30 days - 29 days when sold vs 60 days when delisted respectively.
Average Days on the Market in Mono over the past 12 months for properties that have sold was 24.0 days, with 57.8 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
17 new properties were listed on the market in Mono in the last 30 days (September 23 - October 22). During the same time 11 properties were sold and 5 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 1 properties (or 5.9 %).
During the previous 30 day period (August 24 - September 22) there were 16 new properties listed, 10 sold and 4 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was April with 30 new properties listed, the slowest - December with 1 new listings and a yearly average of 18 new listings per month.
New Real Estate Listings by Property Type
There were a total of 17 homes listed during the last 30 days (September 23 - October 22), which is 100.0 % of all properties listed in Mono. This is a 6.2 % increase compared with a previous 30 day period (August 24 - September 22) and 29.2 % down from the same period a year ago. Over the past year an average of 17 homes are were listed per month.
Real Estate Sales by Property Type
There were a total of 11 homes sold during the last 30 days (September 23 - October 22), which is 100.0 % of all properties sold in Mono. This is a 10.0 % increase compared with a previous 30 day period (August 24 - September 22) and 52.2 % down from the same period a year ago. Over the past year an average of 14 homes are were sold per month.
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