Is Monroe, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Monroe has remained a Seller's Market.
Housing Prices in Monroe, GA
How much do homes in Monroe, GA cost?
Median Sold Price
$385,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monroe was $385,000 in March 2024, up 4.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.4K | $225K | +346.4% |
2 Bedrooms | $225K | $200K | -11.1% |
3 Bedrooms | $299K | $322.5K | +7.9% |
4 Bedrooms | $425.9K | $424.1K | -0.4% |
5+ Bedrooms | $555K | $499.5K | -10.0% |
Summary: Monroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 346.4%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 10%.
Housing Supply in Monroe, GA
How many homes are available in Monroe, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
401 | 400 | -0.2% |
Summary: The Monroe real estate market had 400 homes for sale in March 2024, a 0.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 121 | 145 | +19.8% |
4 Bedrooms | 213 | 194 | -8.9% |
5+ Bedrooms | 54 | 49 | -9.3% |
Summary: The Monroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 9.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 84 | +6.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Monroe in March 2024, up by 6.3% month-over-month. Of the 78 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 45 Days | -24.9% |
Summary: Homes in Monroe had an average of 45 days on market in Mar 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 84 homes were sold in Monroe; 46% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.