Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Monroe has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, CT
How much do homes in Monroe, CT cost?
Median Sold Price
$523,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monroe have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Monroe was $523,500 in March 2024, up 7.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.5K | $199.2K | -13.9% |
| 2 Bedrooms | $330K | $357.5K | +8.3% |
| 3 Bedrooms | $457K | $545K | +19.3% |
| 4 Bedrooms | $677.4K | $624.9K | -7.8% |
| 5+ Bedrooms | $727.5K | $599.5K | -17.6% |
Summary: Monroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Easton | $850K | $915K | +7.6% |
| Monroe | $487K | $523.5K | +7.5% |
| Trumbull | $534.9K | $563.5K | +5.3% |
| Shelton | $440.8K | $458K | +3.9% |
| Sandy Hook | $545K | $526K | -3.5% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 46 | -4.2% |
Summary: The Monroe real estate market had 46 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Monroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Monroe in March 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Monroe, CT
We’re sorry, we don't have information for this market at the moment
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