Is Monrovia, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monrovia has remained a Seller's Market.
Housing Prices in Monrovia, IN
How much do homes in Monrovia, IN cost?
Median Sold Price
$280,220
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monrovia was $280,220 in April 2024, up 2.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $111.5K | - | N/A |
2 Bedrooms | $185K | $247.5K | +33.8% |
3 Bedrooms | $245K | $261.4K | +6.7% |
4 Bedrooms | $289.2K | $284.5K | -1.6% |
5+ Bedrooms | $326.2K | $335K | +2.7% |
Summary: Monrovia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Monrovia | $272.8K | $280.2K | +2.7% |
Monroe Township | $284.5K | $279.5K | -1.8% |
Housing Supply in Monrovia, IN
How many homes are available in Monrovia, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 33 | +6.5% |
Summary: The Monrovia real estate market had 33 homes for sale in April 2024, a 6.5% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Monrovia 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 remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Monrovia in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Monrovia, IN
How long does it take to sell a home in Monrovia, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 21 Days | -26.1% |
Summary: Homes in Monrovia had an average of 21 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Monrovia; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.