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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Monroe County was a Seller's Market.

Key Takeaway

Monroe County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Monroe County, GA cost?

Median Sold Price

$411,250

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$91,250(+28.5%)

Key Takeaway

Homes in Monroe County have sold for 28.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $167.5K-
N/A
2 $72.5K$140K
+93.1%
3 $195.5K$247.2K
+26.5%
4 $382.4K$429K
+12.2%
5+ $430K$609K
+41.6%

Median Sold Price Compared To Nearby Counties

Monroe County
+28.5%
Lamar County
+20.0%
Jasper County
+20.0%
Butts County
+14.4%
Jones County
+12.3%

How many homes are available in Monroe County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
8185+4.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 12
+100.0%
3 2318
-21.7%
4 3540
+14.3%
5+ 2124
+14.3%

Number of Homes Sold

Sep 2022Oct 2022%
1712-29.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days29 Days+15.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe County 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 County, GA

Monroe County, GA has 85 homes on the market. The inventory of homes for sale in Monroe County, GA between September 2022 and October 2022 increased by 4.9%. While the average time on the market in October 2022 was 29 days, the median list price was $411,250. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 93.1%, prices of 3 bedrooms properties increased by 26.5%, prices of 4 bedrooms properties went up by 12.2%, prices of 5 bedrooms properties went up by 41.6%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 100% more available, the quantity of 3 bedrooms homes went down by 21.7%, 4 bedrooms homes inventory increased by 14.3%, number of 5 bedrooms homes increased by 14.3%. Monroe County, GA housing market in October 2022 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 5 sold below.

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