Is Monroe Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, NC
How much do homes in Monroe Township, NC cost?
Median Sold Price
$378,632
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monroe Township was $378,632 in March 2024, up 1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155.5K | N/A |
2 Bedrooms | $235K | $225.5K | -4.0% |
3 Bedrooms | $320K | $350K | +9.4% |
4 Bedrooms | $463.5K | $430.3K | -7.2% |
5+ Bedrooms | $424K | $496.6K | +17.1% |
Summary: Monroe Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
Gilmer Township | $190.6K | $214K | +12.3% |
Mc Leansville | $280K | $300K | +7.1% |
Browns Summit | $339K | $343.3K | +1.3% |
Monroe Township | $374.9K | $378.6K | +1.0% |
Madison Township | $275K | $265K | -3.6% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
312 | 332 | +6.4% |
Summary: The Monroe Township real estate market had 332 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 169 | 176 | +4.1% |
4 Bedrooms | 93 | 105 | +12.9% |
5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Monroe Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 97 | +32.9% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Monroe Township in March 2024, up by 32.9% month-over-month. Of the 97 sold homes, 51% were sold under asking, 27% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 35 Days | -25.6% |
Summary: Homes in Monroe Township had an average of 35 days on market in Mar 2024, down by 25.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 97 homes were sold in Monroe Township; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.