Is Monroe County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Monroe County was a Seller's Market.

Key Takeaway

Monroe County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$10,916(+3.8%)

Key Takeaway

Homes in Monroe County have sold for 3.8% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $121K$140.5K
+16.1%
2 $188.7K$200K
+6.0%
3 $269.9K$283.5K
+5.0%
4 $350K$365K
+4.3%
5+ $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
+6.5%
Monroe County
+3.8%

Housing Supply in Monroe County, PA

How many homes are available in Monroe County, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
387383-1.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2726
-3.7%
3 195190
-2.6%
4 113108
-4.4%
5+ 5259
+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 2024Feb 2024CHANGE
4946-6.1%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
48 Days54 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe County are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 27 Days Ago

Newest Listings in Monroe County, PA

Nearby Markets to Monroe County, PA

What housing markets are near Monroe County, PA?