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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe is a seller's market

Buyer's
Market

Difference Since April 2023

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.

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

+$2,055(+0.5%)

Key Takeaway

Homes in Monroe have sold for 0.5% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $50.4K$225K
+346.4%
2 $225K$202.5K
-10.0%
3 $305K$325K
+6.6%
4 $427.1K$427.6K
0.1%
5+ $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 2024Apr 2024CHANGE
400379-5.3%

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

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 78
+14.3%
3 149161
+8.1%
4 197154
-21.8%
5+ 4555
+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 2024Apr 2024CHANGE
9872-26.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
44 Days51 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 6 Days Ago

Newest Listings in Monroe, GA

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