Monticello’s housing market has been experiencing notable shifts, reflecting broader regional trends and local developments. Understanding these changes is crucial for prospective buyers, sellers, and renters.
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, indicating a 7.82% decrease year-over-year. The median price per square foot is $196, up 5.95% from last year. Active listings have risen to 107, a 47.06% increase, while the median days on market is 28 days, a 3.70% increase from the previous year. These figures suggest a dynamic market with increased inventory and varied pricing trends.
Rental Market Insights
The rental market in Monticello is also evolving. The average rent is $1,530 as of April 30, 2026, with a 2.1% month-over-month change and a 3% year-over-year change. This positions Monticello’s rental rates below the national average of $1,930, offering more affordable options for renters.
New Developments
Monticello continues to expand its residential offerings. The Meadowbrook community, introduced by JP Brooks Builders, is now selling. Located near the nearly sold-out Edmonson Ridge neighborhood, Meadowbrook features modern single-family homes with functional layouts, spacious homesites, and proximity to local amenities. This development reflects the city’s commitment to accommodating growth and providing diverse housing options.
Conclusion
Monticello’s housing market is characterized by rising listing prices, a competitive rental landscape, and ongoing residential developments. Staying informed about these trends is essential for making well-informed real estate decisions in the area.