Is Monroe, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monroe has remained a Seller's Market.
Housing Prices in Monroe, OH
How much do homes in Monroe, OH cost?
Median Sold Price
$330,000
$160/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Monroe was $330,000 in February 2024, down 1.4% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $328.3K | $247K | -24.8% |
4 Bedrooms | $390K | $372.5K | -4.5% |
5+ Bedrooms | $332K | - | N/A |
Summary: Monroe housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 24.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lemon Township | $334.7K | $372.5K | +11.3% |
Liberty Township | $430K | $467.5K | +8.7% |
Monroe | $334.7K | $330K | -1.4% |
Housing Supply in Monroe, OH
How many homes are available in Monroe, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Summary: The Monroe real estate market had 10 homes for sale in February 2024, a 33.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monroe housing inventory by bedroom type for February 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 37.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Monroe in February 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe, OH
How long does it take to sell a home in Monroe, OH?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 76 Days | +12.9% |
Summary: Homes in Monroe had an average of 76 days on market in Feb 2024, up by 12.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Monroe; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.