Is Monroe Township, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, IA
How much do homes in Monroe Township, IA cost?
Median Sold Price
$200,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe Township was $200,000 in May 2024, down 5.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $170K | $144K | -15.3% |
3 Bedrooms | $209.9K | $200K | -4.7% |
4 Bedrooms | $250.5K | $292.5K | +16.8% |
5+ Bedrooms | $412.7K | $269.5K | -34.7% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 34.7%.
Housing Supply in Monroe Township, IA
How many homes are available in Monroe Township, IA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Monroe Township real estate market had 18 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Monroe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Monroe Township in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 6 Days | -75.4% |
Summary: Homes in Monroe Township had an average of 6 days on market in May 2024, down by 75.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Monroe Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.