Is Monroe Township, NC 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, Monroe Township has remained a Seller's Market.
Key Takeaway
Monroe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe Township, NC
How much do homes in Monroe Township, NC cost?
Median Sold Price
$379,997
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monroe Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Monroe Township was $379,997 in April 2024, up 8.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $125K | +25.0% |
| 2 Bedrooms | $225K | $230.9K | +2.6% |
| 3 Bedrooms | $330K | $350K | +6.1% |
| 4 Bedrooms | $403.3K | $428.3K | +6.2% |
| 5+ Bedrooms | $455K | $501K | +10.1% |
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 25%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Monroe | $350K | $383.8K | +9.7% |
| Monroe Township | $350K | $379.9K | +8.6% |
| Wingate | $310K | $325K | +4.8% |
| Indian Trail | $419.2K | $426.9K | +1.8% |
| Unionville | $468K | $404.9K | -13.5% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 314 | 328 | +4.5% |
Summary: The Monroe Township real estate market had 328 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 167 | 166 | -0.6% |
| 4 Bedrooms | 90 | 96 | +6.7% |
| 5+ Bedrooms | 34 | 47 | +38.2% |
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 decreased by 18.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 38.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 87 | 94 | +8.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Monroe Township in April 2024, up by 8.0% month-over-month. Of the 94 sold homes, 43% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for Monroe Township, NC
How long does it take to sell a home in Monroe Township, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 33 Days | -31.7% |
Summary: Homes in Monroe Township had an average of 33 days on market in Apr 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 94 homes were sold in Monroe Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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