Is Monroe County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Monroe County has remained a Seller's Market.

Key Takeaway

Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$60,000(+19.7%)

Key Takeaway

Homes in Monroe County have sold for 19.7% more than they did a month ago.

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

# BEDSMay 2024Jun 2024CHANGE
1 $122.5K$89.6K
-26.8%
2 $159.9K$256.4K
+60.4%
3 $300K$360K
+20.0%
4 $420K$373.9K
-11.0%
5+ $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 2024Jun 2024CHANGE
202258+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

# BEDSMay 2024Jun 2024CHANGE
1 57
+40.0%
2 2638
+46.2%
3 102120
+17.6%
4 5873
+25.9%
5+ 1120
+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 2024Jun 2024CHANGE
3657+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.

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 2024Jun 2024CHANGE
37 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Monroe County, IN

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