Monahans Housing Market Report February 2025•Ward County, Texas

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Housing Prices in Monahans, TX

How much do homes in Monahans, TX cost?

Housing Market Conditions

Is Monahans, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Monahans is a Buyer's Market

Difference Since January 2025

Last month, Monahans has remained a Buyer's Market.

Insight

Monahans is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$195,700$121/SqFt
-$69,300
-26.2%

Based on all homes sold in February 2025

Insight

Homes in Monahans have sold for 26.2% less than they did a month ago.

Summary: The median home sold price in Monahans was $195,700 in February 2025, down 26.2% from last month, and the median price per square foot was $121.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Monahans
-26.2%
Monahans
-26.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2-$50K
N/A
3$210K$195.7K
-6.8%
4$325K$300K
-7.7%
5--
N/A

Summary: Monahans housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -6.8%. The home price for 4 bedroom homes decreased by -7.7%. The home price for 5 bedroom homes did not change.

Housing supply in Monahans, TX

How many homes are available in Monahans, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
57Last MonthFeb 2025
472 months agoJan 2025
+21.3 %
Change MoMJan – Feb

Summary: The Monahans real estate market had 57 homes for sale in Feb 2025, a 21.3 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthFeb 2025
52 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
111
0.0%
268
+33.3%
32429
+20.8%
41515
0.0%
514
+300.0%

Summary: Monahans housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes increased by +20.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +300.0%.

Asking Price vs. Sold Price

How much do homes in Monahans, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Monahans, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Monahans in February 2025, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Monahans, TX

How long does it take to sell a home in Monahans, TX?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in Monahans has remained consistent over time.

Summary: During February 2025, 5 homes were sold in Monahans; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
82 DaysLast MonthFeb 2025
104 Days1 month agoJan 2025
-21.1 %
Change MoMJan – Feb

Summary: Homes in Monahans had an average listing age of 82 days in Feb 2025, down by 21.1% compared to the previous month.

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Newest Listings in Monahans, TX

What homes are available in Monahans, TX?

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MLS Disclaimers and Copyright

Based on information from Odessa MLS, and Permian Basin MLS for the period 01/01/2025 - 03/01/2025

Information is provided by Odessa Board of Realtors Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Odessa Board of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 3/9/2025, 9:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on Information provided by the Multiple Listing Service of the Permian Basin Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All the information provided must not be reproduced or redistributed. Copyright © 2025 Permian Basin Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 3/9/2025, 9:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.