Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroe has remained a Seller's Market.
Housing Prices in Monroe, CT
How much do homes in Monroe, CT cost?
Median Sold Price
$525,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe was $525,000 in May 2024, up 8.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $238.5K | +9.4% |
2 Bedrooms | $330K | $381.2K | +15.5% |
3 Bedrooms | $465K | $540K | +16.1% |
4 Bedrooms | $665K | $624.9K | -6.0% |
5+ Bedrooms | $712.5K | $577.5K | -18.9% |
Summary: Monroe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
Trumbull | $526.2K | $576.8K | +9.6% |
Monroe | $485K | $525K | +8.2% |
Easton | $849K | $907.5K | +6.9% |
Shelton | $440K | $470K | +6.8% |
Sandy Hook | $546K | $527.9K | -3.3% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 65 | +10.2% |
Summary: The Monroe real estate market had 65 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Monroe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Monroe in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.
Days on Market for Monroe, CT
We’re sorry, we don't have information for this market at the moment