$3,800 Closing Credit*
$320,000
4 Beds
•3 Full Baths
Sanela Becirhodzic, Listing Office: Keller Williams Rlty.North Atl
Is Monroe, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Monroe was a Seller's Market.
Key Takeaway
Monroe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monroe, GA
How much do homes in Monroe, GA cost?
Median Sold Price
$395,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$80(0.0%)
Key Takeaway
The sold price of homes in Monroe has remained the same since last year.
Summary: The median home sold price in Monroe was $395,000 in August 2024, the same as last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $241K | N/A |
| 2 Bedrooms | $225K | $218.1K | -3.1% |
| 3 Bedrooms | $314.9K | $325.5K | +3.4% |
| 4 Bedrooms | $426.7K | $430.9K | +1.0% |
| 5+ Bedrooms | $500K | $525K | +5.0% |
Summary: Monroe housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5%.
Housing Supply in Monroe, GA
How many homes are available in Monroe, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 362 | 360 | -0.6% |
Summary: The Monroe real estate market had 360 homes for sale in August 2024, a 0.6% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 150 | 140 | -6.7% |
| 4 Bedrooms | 146 | 145 | -0.7% |
| 5+ Bedrooms | 47 | 54 | +14.9% |
Summary: The Monroe housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 84 | 53 | -36.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Monroe in August 2024, down by 36.9% month-over-month. Of the 49 sold homes, 51% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for Monroe, GA
How long does it take to sell a home in Monroe, GA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 44 Days | 37 Days | -14.4% |
Summary: Homes in Monroe had an average of 37 days on market in Aug 2024, down by 14.4% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 53 homes were sold in Monroe; 49% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.