Is Monroe Township, PA 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, PA
How much do homes in Monroe Township, PA cost?
Median Sold Price
$400,000
$163/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 $400,000 in May 2024, up 5.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180.5K | $175K | -3.0% |
3 Bedrooms | $345K | $327K | -5.2% |
4 Bedrooms | $382.5K | $437.5K | +14.4% |
5+ Bedrooms | $650K | $505K | -22.3% |
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 decreased by 3%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 22.3%.
Median Sold Price Compared To Nearby Cities
Mechanicsburg | $332.3K | $360.4K | +8.5% |
Upper Allen Township | $325K | $343.5K | +5.7% |
Monroe Township | $380K | $400K | +5.3% |
Carroll Township | $416.1K | $415K | -0.3% |
Boiling Springs | $412K | $354.5K | -14.0% |
Housing Supply in Monroe Township, PA
How many homes are available in Monroe Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Monroe Township real estate market had 22 homes for sale in May 2024, a 15.8% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Monroe Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Monroe Township, PA
How long does it take to sell a home in Monroe Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 16 Days | +721.4% |
Summary: Homes in Monroe Township had an average of 16 days on market in May 2024, up by 721.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Monroe Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.