Is Monroe County, 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 County has remained a Seller's Market.
Key Takeaway
Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe County, GA
How much do homes in Monroe County, GA cost?
Median Sold Price
$355,450
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monroe County have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Monroe County was $355,450 in March 2024, up 1.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $107.5K | $302.7K | +181.6% |
| 3 Bedrooms | $253K | $249.2K | -1.5% |
| 4 Bedrooms | $351.5K | $369.5K | +5.1% |
| 5+ Bedrooms | $561.9K | $449.9K | -19.9% |
Summary: Monroe County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 181.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Counties
| Lamar County | $241.9K | $254.4K | +5.2% |
| Butts County | $272.6K | $279.9K | +2.7% |
| Monroe County | $349.9K | $355.4K | +1.6% |
| Jasper County | $289.9K | $292.4K | +0.8% |
Housing Supply in Monroe County, GA
How many homes are available in Monroe County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 100 | 100 | 0.0% |
Summary: The Monroe County real estate market had 100 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 28 | 23 | -17.9% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 25 | 26 | +4.0% |
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 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Monroe County in March 2024, up by 4.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 48% were sold at asking, and 14% were sold over asking.
Days on Market for Monroe County, GA
How long does it take to sell a home in Monroe County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 55 Days | +67.9% |
Summary: Homes in Monroe County had an average of 55 days on market in Mar 2024, up by 67.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Monroe County; 61% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 26% 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.