Is Monroe, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$387,399
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe was $387,399 in April 2024, up 0.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50.4K | $225K | +346.4% |
2 Bedrooms | $225K | $202.5K | -10.0% |
3 Bedrooms | $305K | $325K | +6.6% |
4 Bedrooms | $427.1K | $427.6K | 0.1% |
5+ Bedrooms | $553.2K | $500.1K | -9.6% |
Summary: Monroe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 346.4%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in Monroe, GA
How many homes are available in Monroe, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
400 | 379 | -5.3% |
Summary: The Monroe real estate market had 379 homes for sale in April 2024, a 5.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 149 | 161 | +8.1% |
4 Bedrooms | 197 | 154 | -21.8% |
5+ Bedrooms | 45 | 55 | +22.2% |
Summary: The Monroe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 72 | -26.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Monroe in April 2024, down by 26.5% month-over-month. Of the 69 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 51 Days | +17.9% |
Summary: Homes in Monroe had an average of 51 days on market in Apr 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in Monroe; 47% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.