Is Monroe, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Monroe has remained a Seller's Market.

Key Takeaway

Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$4,750(-1.4%)

Key Takeaway

Homes in Monroe have sold for 1.4% less than they did a month ago.

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

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $328.3K$247K
-24.8%
4 $390K$372.5K
-4.5%
5+ $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
+11.3%
Liberty Township
+8.7%
Monroe
-1.4%

Housing Supply in Monroe, OH

How many homes are available in Monroe, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1510-33.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 85
-37.5%
4 54
-20.0%
5+ 10
-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 2024Feb 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2024Feb 2024CHANGE
67 Days76 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monroe has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Monroe, OH

Nearby Markets to Monroe, OH

What housing markets are near Monroe, OH?