Is Monroe County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monroe County has remained a Seller's Market.
Housing Prices in Monroe County, IN
How much do homes in Monroe County, IN cost?
Median Sold Price
$365,000
$192/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Summary: The median home sold price in Monroe County was $365,000 in June 2024, up 19.7% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $89.6K | -26.8% |
2 Bedrooms | $159.9K | $256.4K | +60.4% |
3 Bedrooms | $300K | $360K | +20.0% |
4 Bedrooms | $420K | $373.9K | -11.0% |
5+ Bedrooms | $1.7M | $580K | -66.9% |
Summary: Monroe County housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes increased by 60.4%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 66.9%.
Housing Supply in Monroe County, IN
How many homes are available in Monroe County, IN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
202 | 258 | +27.7% |
Summary: The Monroe County real estate market had 258 homes for sale in June 2024, a 27.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 26 | 38 | +46.2% |
3 Bedrooms | 102 | 120 | +17.6% |
4 Bedrooms | 58 | 73 | +25.9% |
5+ Bedrooms | 11 | 20 | +81.8% |
Summary: The Monroe County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 81.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
36 | 57 | +58.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Monroe County in June 2024, up by 58.3% month-over-month. Of the 57 sold homes, 56% were sold under asking, 28% were sold at asking, and 16% were sold over asking.
Days on Market for Monroe County, IN
How long does it take to sell a home in Monroe County, IN?
Average Sale Time
May 2024 | Jun 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -27.7% |
Summary: Homes in Monroe County had an average of 27 days on market in Jun 2024, down by 27.7% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 57 homes were sold in Monroe County; 16% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.