Is Monroe, IN 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 Last Month

Since last month, 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, IN

How much do homes in Monroe, IN cost?

Median Sold Price

$237,045

$151/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$53,295(+29.0%)

Key Takeaway

Homes in Monroe have sold for 29% more than they did a month ago.

Summary: The median home sold price in Monroe was $237,045 in December 2024, up 29% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $183.7K$215K
+17.0%
4 -$259K
N/A
5+ --
N/A

Summary: Monroe housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe
+29.0%
Monroe Township
+5.1%
Washington Township
+2.9%

Housing Supply in Monroe, IN

How many homes are available in Monroe, IN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
64-33.3%

Summary: The Monroe real estate market had 4 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 00
0.0%
3 42
-50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Monroe housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Monroe in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Monroe, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 17 Days Ago

Newest Listings in Monroe, IN

Nearby Markets to Monroe, IN