Is Monroe County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Monroe County was a Seller's Market.
Housing Prices in Monroe County, PA
How much do homes in Monroe County, PA cost?
Median Sold Price
$300,416
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Monroe County was $300,416 in February 2024, up 3.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121K | $140.5K | +16.1% |
2 Bedrooms | $188.7K | $200K | +6.0% |
3 Bedrooms | $269.9K | $283.5K | +5.0% |
4 Bedrooms | $350K | $365K | +4.3% |
5+ Bedrooms | $375K | $455K | +21.3% |
Summary: Monroe County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Counties
Carbon County | $218.8K | $233K | +6.5% |
Monroe County | $289.5K | $300.4K | +3.8% |
Housing Supply in Monroe County, PA
How many homes are available in Monroe County, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
387 | 383 | -1.0% |
Summary: The Monroe County real estate market had 383 homes for sale in February 2024, a 1.0% 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 | 27 | 26 | -3.7% |
3 Bedrooms | 195 | 190 | -2.6% |
4 Bedrooms | 113 | 108 | -4.4% |
5+ Bedrooms | 52 | 59 | +13.5% |
Summary: The Monroe County 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 decreased by 3.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Monroe County in February 2024, down by 6.1% month-over-month. Of the 46 sold homes, 59% were sold under asking, 13% were sold at asking, and 28% were sold over asking.
Days on Market for Monroe County, PA
How long does it take to sell a home in Monroe County, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
48 Days | 54 Days | +13.5% |
Summary: Homes in Monroe County had an average of 54 days on market in Feb 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During February 2024, 46 homes were sold in Monroe County; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.