Mono Real Estate Statistics

Mono real estate average sold price in the last 30 days (March 27 - April 25) was $1,451,333, which is $418,667 (28.8%) lower than the average price of $1,870,000 in the previous 30 day period (February 26 - March 26), and $173,119 (11.9%) up from the same period 1 year ago ($1,278,214). Mono real estate prices over the last 30 days are also $46,668 (3.2%) lower than the average selling price of $1,498,001 over the past year.

Mono average sold price for homes was $1,451,333 in the last 30 days (March 27 - April 25), which is $418,667 (28.8%) down from the average home price of $1,870,000 in the previous 30 day period (February 26 - March 26), and $173,119 (11.9%) higher than the same period 1 year ago ($1,278,214). In the last 30 days Mono the average home price was $46,668 (3.2%) lower than the average selling price of $1,498,001 over the last 12 months.

Average selling price for Mono real estate was $1,451,333 in the last 30 days (March 27 - April 25), which is collectively $94,533 (6.1%) lower than the average asking price of $1,545,665. This represents an increase of $97,111 (50.7%) compared to $191,644 (11.7%) Sold-Under-Asking price from the previous 30 day period (February 26 - March 26).

The maximum Sold Over/Under Asking ratio in Mono during the last 12 months was recorded in July, 2023 with an average of $653 over the asking price, while the minimum occurring in March, 2024 with $186,636 below the asking price.

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 75.0% with 15 properties sold and 27 new properties listed in the past 30 days (March 27 - April 25). This represents an increase from 33.3% recorded during the previous 30 day period (February 26 - March 26), and an increase from 73.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Mono was 113.0% recorded in July and the lowest was in October at 26.3%. 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.

The Average Days on the Market (DOM) for 15 properties that were successfully sold in Mono in the last 30 days (March 27 - April 25) was 99 days, which is 23 days more than 76 days average in the previous 30 day period (February 26 - March 26) and 75 days longer than during the same period a year ago (24 days).

There were 21 delisted properties in Mono, those that got either Expired, Suspended or Terminated over the last 30 days (March 27 - April 25) with an average of 35 days on the market. This is 73 days shorter than the average of 108 days during the previous 30 day period (February 26 - March 26) and 35 days less compared to the same period last year average of 70 days on the market.

21 Mono properties that didn't sell stayed on the market 64.6% longer than 15 that sucessfully sold over the last 30 days - 99 days when sold vs 35 days when delisted respectively.

Average Days on the Market in Mono over the past 12 months for properties that have sold was 35.8 days, with 83.1 days for those properties that did not sell.

20 new properties were listed on the market in Mono in the last 30 days (March 27 - April 25). During the same time 15 properties were sold and 21 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 16 properties (or 80.0%).

During the previous 30 day period (February 26 - March 26) there were 27 new properties listed, 9 sold and 13 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was May with 36 new properties listed, the slowest - December with 7 new listings and a yearly average of 21 new listings per month.

There were a total of 20 homes listed during the last 30 days (March 27 - April 25), which is 100.0% of all properties listed in Mono. This is a 25.9% decline compared with a previous 30 day period (February 26 - March 26) and 5.3% up from the same period a year ago. Over the past year an average of 21 homes are were listed per month.

There were a total of 15 homes sold during the last 30 days (March 27 - April 25), which is 100.0% of all properties sold in Mono. This is a 66.7% increase compared with a previous 30 day period (February 26 - March 26) and 7.1% up from the same period a year ago. Over the past year an average of 11 homes are were sold per month.