Is Monroe Township, IA 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 Township has remained a Seller's Market.
Housing Prices in Monroe Township, IA
How much do homes in Monroe Township, IA cost?
Median Sold Price
$327,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe Township was $327,500 in May 2024, up 2.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177K | $125K | -29.4% |
2 Bedrooms | $140.7K | $145.2K | +3.2% |
3 Bedrooms | $225K | $248K | +10.2% |
4 Bedrooms | $362.4K | $362.9K | 0.1% |
5+ Bedrooms | $574K | $561K | -2.3% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
Robins | $419.9K | $455K | +8.4% |
Monroe Township | $318.5K | $327.5K | +2.8% |
Hiawatha | $290K | $297K | +2.4% |
Clinton Township | $125K | $126.3K | +1.1% |
Housing Supply in Monroe Township, IA
How many homes are available in Monroe Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 78 | -9.3% |
Summary: The Monroe Township real estate market had 78 homes for sale in May 2024, a 9.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 34 | 31 | -8.8% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 6 | 2 | -66.7% |
Summary: The Monroe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Monroe Township in May 2024, up by 15.0% month-over-month. Of the 23 sold homes, 61% were sold under asking, 35% were sold at asking, and 4% were sold over asking.
Days on Market for Monroe Township, IA
How long does it take to sell a home in Monroe Township, IA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 28 Days | -25.2% |
Summary: Homes in Monroe Township had an average of 28 days on market in May 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Monroe Township; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.