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
At the same time last year, Monroe Township was a Seller's Market.
Key Takeaway
Monroe Township 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 Township, OH
How much do homes in Monroe Township, OH cost?
Median Sold Price
$385,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroe Township have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Monroe Township was $385,000 in May 2024, down 0.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | - | N/A |
| 2 Bedrooms | $195.1K | $307.5K | +57.6% |
| 3 Bedrooms | $320K | $315K | -1.6% |
| 4 Bedrooms | $420K | $422.1K | 0.5% |
| 5+ Bedrooms | $493.9K | $481.7K | -2.5% |
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 57.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Liberty Township | $416K | $503K | +20.9% |
| Johnstown | $400K | $418.5K | +4.6% |
| Monroe Township | $388.5K | $385K | -0.9% |
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 |
|---|---|---|
| 56 | 60 | +7.1% |
Summary: The Monroe Township real estate market had 60 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 3 | 3 | 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 increased by 8.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Monroe Township in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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 |
|---|---|---|
| 12 Days | 26 Days | +120.0% |
Summary: Homes in Monroe Township had an average of 26 days on market in May 2024, up by 120% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Monroe Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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