How much do homes in Monroe County, MI cost?

Median List Price

$209,408

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$14,426(+7.4%)

Key Takeaway

The list price of homes in Monroe County has increased by 7.4% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $49.9K$86.5K+73.3%
2 $119.9K$134.9K+12.5%
3 $189.9K$199.9K+5.3%
4 $254.9K$270.2K+6.0%
5+ $260K$320K+23.1%

Median List Price Compared To Nearby Counties

Wayne County
+13.1%
Washtenaw County
+9.6%
Lenawee County
+9.4%
Monroe County
+7.4%
Lucas County
+4.3%

How many homes are available in Monroe County, MI?

Number of Homes For Sale

Jul 2021Aug 2021%
618653+5.7%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 96-33.3%
2 8590+5.9%
3 323341+5.6%
4 161174+8.1%
5+ 4042+5.0%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
116 Days56 Days-51.3%

Breakdown of Home Sale Times

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Key Takeaway

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About Monroe County, MI

Homes for sale in Monroe County, MI have reached 653. The inventory of homes for sale in Monroe County, MI between July 2021 and August 2021 increased by 5.7%. Listings spent 56 days on the market in August 2021, and had a median list price of $209,408 during the same period. Real estate listing prices changed between July 2021 and August 2021: prices of 1 bedroom properties increased by 73.3%, 2 bedrooms properties became 12.5% more expensive, 3 bedrooms properties prices increased by 5.3%, 4 bedrooms properties became 6% more expensive, 5 bedrooms properties became 23.1% more expensive. This housing market inventory have changed: 1 bedroom homes became 33.3% less available, the quantity of 2 bedrooms homes went up by 5.9%, volume of 3 bedrooms homes went up by 5.6%, volume of 4 bedrooms homes went up by 8.1%, volume of 5 bedrooms homes went up by 5%. Over 68 listings were sold over their listed price in August 2021 in Monroe County, MI. In the same period over 59 listings were sold below the listed price and 28 listings were sold for the listed price.

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