Is Monroe County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monroe County was a Seller's Market.
Housing Prices in Monroe County, FL
How much do homes in Monroe County, FL cost?
Median Sold Price
$1,070,000
$736/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monroe County was $1,070,000 in March 2024, up 29.2% from last year, and the median price per square foot was $736.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $407K | $520K | +27.8% |
2 Bedrooms | $633.7K | $709.5K | +12.0% |
3 Bedrooms | $914.5K | $1.0M | +9.9% |
4 Bedrooms | $1.6M | $2.0M | +22.1% |
5+ Bedrooms | $2.8M | $2.8M | -1.8% |
Summary: Monroe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Counties
Monroe County | $828K | $1.0M | +29.2% |
Collier County | $532.6K | $645.8K | +21.3% |
Miami-Dade County | $482.6K | $528.1K | +9.4% |
Housing Supply in Monroe County, FL
How many homes are available in Monroe County, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 255 | +10.4% |
Summary: The Monroe County real estate market had 255 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 56 | 62 | +10.7% |
3 Bedrooms | 95 | 98 | +3.2% |
4 Bedrooms | 42 | 50 | +19.0% |
5+ Bedrooms | 29 | 35 | +20.7% |
Summary: The Monroe County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Monroe County in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for Monroe County, FL
How long does it take to sell a home in Monroe County, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
113 Days | 128 Days | +13.9% |
Summary: Homes in Monroe County had an average of 128 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Monroe County; 19% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.