Is Monessen, PA 15062 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Monessen is a buyer’s market. With about 7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score25/ 100

More competitive than 20% of U.S. ZIP codes, and #565 of 601 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply7Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list96%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$65▼ −27.7% vs. last year

The Monessen housing market right now

In the three months ending August 31, 2026, 20% of homes in Monessen, PA 15062 sold above their list price, the typical home went under contract in 58 days and there were 7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 21 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (75 days then) and the median sale price rose 34% to $140,889. Overall, Monessen is about as competitive as it was a year ago.

Within Westmoreland County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Monessen ranks #565 of 601 PA ZIP codes with enough sales (score 25 out of 100).

Nearby, buyers who want less competition could look at Yukon 15698 (0% sold over asking) or Westmoreland City 15692 (0% sold over asking), while Bolivar 15923 (100% sold over asking) and Ruffs Dale 15679 (67% sold over asking) are even more competitive.

Nearby markets

Acme 15610Seller’s market $102 /sq ftAdamsburg 15611 — /sq ftAlverton 15612 — /sq ftApollo 15613Seller’s market $170 /sq ft Browse all markets →

Where Monessen is

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Questions about Monessen real estate

Is Monessen a buyer’s or seller’s market?

A buyer’s market: there were 7 months of supply in Monessen, PA 15062 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Monessen?

The typical home went under contract in 58 days in the latest three months.

Do homes in Monessen sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.

What are property taxes in Monessen?

About 1.23% of a home’s value a year in Westmoreland County, or roughly $4,920 on a $400,000 home.

What is the median home price in Monessen?

The median sale price was $140,889 in the three months ending August 31, 2026, about $65 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology