Is Monroe Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monroe Township was a Buyer's Market.
Housing Prices in Monroe Township, IN
How much do homes in Monroe Township, IN cost?
Median Sold Price
$140,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe Township was $140,000 in April 2024, down 12.2% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32K | $59K | +84.4% |
2 Bedrooms | $128.5K | $74.9K | -41.7% |
3 Bedrooms | $160K | $140K | -12.5% |
4 Bedrooms | $199.9K | $211.9K | +6.0% |
5+ Bedrooms | $230K | $275K | +19.6% |
Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.4%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
Alexandria | $142.5K | $150K | +5.3% |
Monroe Township | $159.5K | $140K | -12.2% |
Housing Supply in Monroe Township, IN
How many homes are available in Monroe Township, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Monroe Township real estate market had 40 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monroe Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Monroe Township in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Monroe Township, IN
How long does it take to sell a home in Monroe Township, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 36 Days | +807.1% |
Summary: Homes in Monroe Township had an average of 36 days on market in Apr 2024, up by 807.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Monroe Township; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.