Is Monroe, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe is a seller's market

Buyer's
Market

Difference Since June 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

$527,500

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$38,000(+7.8%)

Key Takeaway

Homes in Monroe have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Monroe was $527,500 in June 2024, up 7.8% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $205K$281K
+37.1%
2 $335K$381.2K
+13.8%
3 $475K$535K
+12.6%
4 $635K$630K
-0.8%
5+ $667.5K$577.5K
-13.5%

Summary: Monroe housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 13.5%.

Median Sold Price Compared To Nearby Cities

Trumbull
+11.6%
Monroe
+7.8%
Easton
+7.6%
Shelton
+6.5%
Sandy Hook
-4.8%

Housing Supply in Monroe, CT

How many homes are available in Monroe, CT?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6772+7.5%

Summary: The Monroe real estate market had 72 homes for sale in June 2024, a 7.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 48
+100.0%
2 78
+14.3%
3 2822
-21.4%
4 2327
+17.4%
5+ 57
+40.0%

Summary: The Monroe housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1913-31.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Monroe in June 2024, down by 31.6% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.

Days on Market for Monroe, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Monroe, CT

Nearby Markets to Monroe, CT

What housing markets are near Monroe, CT?