Monticello’s housing market is experiencing notable shifts, presenting both challenges and opportunities for residents and prospective buyers.
Current Market Trends
As of April 2026, the median listing price in Monticello stands at $385,000, marking a 10.03% increase from the previous year. The median sold price is $294,500, reflecting a 7.82% decrease year-over-year. Homes are spending a median of 28 days on the market, indicating a relatively brisk pace of sales. The price per square foot has risen to $196, a 5.95% increase from last year. Active listings have grown to 107, a 47.06% increase, suggesting a more robust inventory for buyers to consider.
Rental Market Insights
The rental market in Monticello is also evolving. The average rent as of April 30, 2026, is $1,530, which is below the national average of $1,930. This represents a 3% year-over-year increase, indicating a steady demand for rental properties in the area.
New Developments
To accommodate the growing demand, new residential projects are underway. The Meadowbrook community, introduced by JP Brooks Builders, offers modern single-family homes with open layouts and spacious lots. Located near the nearly sold-out Edmonson Ridge neighborhood, Meadowbrook provides convenient access to local amenities and major highways, making it an attractive option for potential homeowners.
Resources for Residents
For those seeking assistance or information on housing, the City of Monticello offers various resources. The 2023 Monticello Housing Report provides comprehensive data on housing mix, lot inventory, median home values, zoning classifications, foreclosures, and rental properties. Additionally, residents can access information on low-interest loan programs and educational training opportunities.
Understanding these trends and resources can help residents and potential buyers make informed decisions in Monticello’s dynamic housing market.