Is Monroe Township, 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 Township has remained a Seller's Market.
Housing Prices in Monroe Township, OH
How much do homes in Monroe Township, OH cost?
Median Sold Price
$330,000
$144/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 $330,000 in May 2024, up 2.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66K | - | N/A |
2 Bedrooms | $165.5K | $220K | +32.9% |
3 Bedrooms | $257.2K | $265K | +3.0% |
4 Bedrooms | $410K | $375K | -8.5% |
5+ Bedrooms | $268.5K | $441.2K | +64.3% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.9%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 64.3%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $230K | $255.5K | +11.1% |
Union Township | $200K | $212.5K | +6.3% |
Monroe Township | $322.5K | $330K | +2.3% |
Twin Township | $189.4K | $185K | -2.3% |
Housing Supply in Monroe Township, OH
How many homes are available in Monroe Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Monroe Township real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Monroe Township in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Monroe Township, OH
How long does it take to sell a home in Monroe Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 34 Days | -29.2% |
Summary: Homes in Monroe Township had an average of 34 days on market in May 2024, down by 29.2% 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
Summary: During May 2024, 4 homes were sold in Monroe Township; 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.