Is Monroe, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Monroe was a Seller's Market.
Housing Prices in Monroe, NY
How much do homes in Monroe, NY cost?
Median Sold Price
$500,000
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Monroe was $500,000 in March 2024, up 8.1% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $195K | +19.6% |
2 Bedrooms | $255K | $280K | +9.8% |
3 Bedrooms | $425K | $445K | +4.7% |
4 Bedrooms | $545.9K | $621K | +13.7% |
5+ Bedrooms | $724.5K | $630K | -13.0% |
Summary: Monroe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
Harriman | $218.2K | $267.5K | +22.6% |
Monroe | $462.5K | $500K | +8.1% |
Housing Supply in Monroe, NY
How many homes are available in Monroe, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
148 | 149 | +0.7% |
Summary: The Monroe real estate market had 149 homes for sale in March 2024, a 0.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 29 | 23 | -20.7% |
3 Bedrooms | 55 | 54 | -1.8% |
4 Bedrooms | 43 | 50 | +16.3% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Monroe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 24 | -22.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Monroe in March 2024, down by 22.6% month-over-month. Of the 24 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Monroe, NY
How long does it take to sell a home in Monroe, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 62 Days | -13.0% |
Summary: Homes in Monroe had an average of 62 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Monroe; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.