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, reflecting a 10.03% increase over the past year. The median sold price is $294,500, indicating a 7.82% decrease year-over-year. Homes are spending a median of 28 days on the market, suggesting a competitive environment for buyers and sellers alike.
Rental Landscape
The rental market in Monticello shows an average rent of $1,530 as of April 30, 2026. This is below the national average rent of $1,930, offering relatively affordable options for renters in the area.
New Developments
Monticello continues to expand its residential offerings. The Meadowbrook community, introduced by JP Brooks Builders, features modern single-family homes with open layouts and spacious homesites. Located near local parks, trails, and shopping centers, Meadowbrook provides convenient access to I-94, facilitating easy commutes to nearby cities.
For those interested in exploring housing options or seeking assistance, the City of Monticello offers resources, including information on new residential projects and low-interest loan programs. Residents can access the 2023 Monticello Housing Report for detailed insights into housing mix, lot inventory, median home values, and more.
As Monticello’s housing market continues to evolve, staying informed about these trends and resources can help residents and potential buyers make well-informed decisions.