Is Monroe County, OH 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 County has remained a Neutral Market.
Key Takeaway
Monroe County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monroe County, OH
How much do homes in Monroe County, OH cost?
Median Sold Price
$133,000
$65/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroe County have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Monroe County was $133,000 in May 2024, up 10.9% from last year, and the median price per square foot was $65.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $90K | +44.0% |
| 2 Bedrooms | $65K | $60K | -7.7% |
| 3 Bedrooms | $119.9K | $132.5K | +10.5% |
| 4 Bedrooms | $173K | $175K | +1.2% |
| 5+ Bedrooms | $390K | $262.5K | -32.7% |
Summary: Monroe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 32.7%.
Housing Supply in Monroe County, OH
How many homes are available in Monroe County, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Monroe County real estate market had 27 homes for sale in May 2024, a 3.8% increase 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 13 | 17 | +30.8% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monroe County 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 16.7%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Monroe County in May 2024, down by 20.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Monroe County, OH
How long does it take to sell a home in Monroe County, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 116 Days | 58 Days | -49.8% |
Summary: Homes in Monroe County had an average of 58 days on market in May 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroe County has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Monroe County; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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