Mono Real Estate Statistics

Mono real estate average sold price in the last 30 days (December 5 - January 3) was $862,928, which is $628,117 (72.8%) lower than the average price of $1,491,045 in the previous 30 day period (November 5 - December 4), and $482,072 (55.9%) down from the same period 1 year ago ($1,345,000). Mono real estate prices over the last 30 days are also $576,259 (66.8%) lower than the average selling price of $1,439,187 over the past year.

Mono average sold price for homes was $862,928 in the last 30 days (December 5 - January 3), which is $628,117 (72.8%) down from the average home price of $1,491,045 in the previous 30 day period (November 5 - December 4), and $482,072 (55.9%) lower than the same period 1 year ago ($1,345,000). In the last 30 days Mono the average home price was $576,259 (66.8%) lower than the average selling price of $1,439,187 over the last 12 months.

Average selling price for Mono real estate was $862,928 in the last 30 days (December 5 - January 3), which is collectively $19,042 (1.3%) lower than the average asking price of $1,512,425. This represents an increase of $28,958 (60.3%) compared to $48,000 (2.6%) Sold-Under-Asking price from the previous 30 day period (November 5 - December 4).

The maximum Sold Over/Under Asking ratio in Mono during the last 12 months was recorded in June, 2024 with an average of $22,770 under 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 350.0% with 14 properties sold and 23 new properties listed in the past 30 days (December 5 - January 3). This represents an increase from 47.8% recorded during the previous 30 day period (November 5 - December 4), and an increase from 85.7% compared to the same period one year ago.

Over the the last year the highest SNLR in Mono was 283.3% recorded in December and the lowest was in August at 11.5%. 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 14 properties that were successfully sold in Mono in the last 30 days (December 5 - January 3) was 65 days, which is 38 days more than 27 days average in the previous 30 day period (November 5 - December 4) and 31 days longer than during the same period a year ago (34 days).

There were 34 delisted properties in Mono, those that got either Expired, Suspended or Terminated over the last 30 days (December 5 - January 3) with an average of 111 days on the market. This is 29 days longer than the average of 82 days during the previous 30 day period (November 5 - December 4) and 6 days more compared to the same period last year average of 105 days on the market.

34 Mono properties that didn't sell stayed on the market 70.8% longer than 14 that sucessfully sold over the last 30 days - 65 days when sold vs 111 days when delisted respectively.

Average Days on the Market in Mono over the past 12 months for properties that have sold was 55.2 days, with 90.4 days for those properties that did not sell.

4 new properties were listed on the market in Mono in the last 30 days (December 5 - January 3). During the same time 14 properties were sold and 34 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 44 properties (or 1,100.0%).

During the previous 30 day period (November 5 - December 4) there were 23 new properties listed, 11 sold and 22 properties that did not sell and were removed from the market.

Over the past year the busiest month for new listings was July with 29 new properties listed, the slowest - December with 6 new listings and a yearly average of 20 new listings per month.

There were a total of 4 homes listed during the last 30 days (December 5 - January 3), which is 100.0% of all properties listed in Mono. This is a 82.6% decline compared with a previous 30 day period (November 5 - December 4) and 42.9% down from the same period a year ago. Over the past year an average of 20 homes are were listed per month.

There were a total of 14 homes sold during the last 30 days (December 5 - January 3), which is 100.0% of all properties sold in Mono. This is a 27.3% increase compared with a previous 30 day period (November 5 - December 4) and 133.3% up from the same period a year ago. Over the past year an average of 9 homes are were sold per month.