$8,253 Closing Credit*
$695,000
2,913 SqFt
3 Beds
•3 Full Baths
Jeffrey Craw, Listing Office: William Raveis Real Estate
Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$536,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$31,000(+6.1%)
Key Takeaway
Homes in Monroe have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Monroe was $536,000 in September 2024, up 6.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $295.5K | +44.1% |
| 2 Bedrooms | $350K | $408.2K | +16.6% |
| 3 Bedrooms | $495K | $547.5K | +10.6% |
| 4 Bedrooms | $617.5K | $685K | +10.9% |
| 5+ Bedrooms | $660K | $775K | +17.4% |
Summary: Monroe housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.1%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Trumbull | $535K | $607.8K | +13.6% |
| Shelton | $444.5K | $488.6K | +9.9% |
| Easton | $860K | $940K | +9.3% |
| Monroe | $505K | $536K | +6.1% |
| Sandy Hook | $530K | $542.5K | +2.4% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 78 | 69 | -11.5% |
Summary: The Monroe real estate market had 69 homes for sale in September 2024, a 11.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 13 | +30.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Monroe housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Monroe in September 2024, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% 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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