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

Housing Market Conditions



Gauge showing Monroe is a seller's market


Difference Since May 2022

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.

How much do homes in Monroe, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Monroe have sold for 39% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $117K-
2 $182.5K$225K
3 $257.5K$305K
4 $329.2K$434.8K
5+ $460K$550K

How many homes are available in Monroe, GA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 1312
3 102112
4 146167
5+ 5662

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, you may be able to get a good deal. 45.6% of homes here sold below asking price last month.

How long does it take to sell a home in Monroe, GA?

How long does it take to sell a home in Monroe, GA?

Average Sale Time

May 2022May 2023%
36 Days59 Days+64.6%

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe are selling fast, if you're buying plan to act quickly.

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

About Monroe, GA

Number of homes for sale in Monroe, GA real estate market have reached 353. In May 2023 in Monroe, GA there were 11.4% more homes for sale than in April 2023. Listings spent 59 days on the market in May 2023, and had a median list price of $382,077 during the same period. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 23.3%, prices of 3 bedrooms properties went up by 18.4%, prices of 4 bedrooms properties increased by 32.1%, the cost of 5 bedrooms properties went up by 19.6%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 7.7% less available, 3 bedrooms homes became 9.8% more available, number of 4 bedrooms homes increased by 14.4%, 5 bedrooms homes inventory increased by 10.7%. Monroe, GA housing market in May 2023 saw over 13 listings sold above listed price, more than 24 sold at listed price and over 31 sold below.