Is Monroe Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monroe Township was a Seller's Market.
Housing Prices in Monroe Township, IA
How much do homes in Monroe Township, IA cost?
Median Sold Price
$317,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monroe Township was $317,000 in March 2024, up 5.7% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.5K | - | N/A |
2 Bedrooms | $137K | $135K | -1.5% |
3 Bedrooms | $236.2K | $232.5K | -1.6% |
4 Bedrooms | $359.5K | $355K | -1.3% |
5+ Bedrooms | $579.5K | $535.7K | -7.6% |
Summary: Monroe Township 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 decreased by 1.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Cities
Hiawatha | $225K | $315K | +40.0% |
Monroe Township | $300K | $317K | +5.7% |
Clinton Township | $132K | $125K | -5.3% |
Housing Supply in Monroe Township, IA
How many homes are available in Monroe Township, IA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 57 | 0.0% |
Summary: The Monroe Township real estate market had 57 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 | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 20 | 15 | -25.0% |
4 Bedrooms | 23 | 31 | +34.8% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Monroe Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Monroe Township in March 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Monroe Township, IA
How long does it take to sell a home in Monroe Township, IA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 48 Days | +17.0% |
Summary: Homes in Monroe Township had an average of 48 days on market in Mar 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Monroe Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.