Is Monroe Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, PA
How much do homes in Monroe Township, PA cost?
Median Sold Price
$405,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Monroe Township was $405,000 in February 2024, up 6.2% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $219K | $175K | -20.1% |
3 Bedrooms | $325K | $338K | +4.0% |
4 Bedrooms | $386K | $437.5K | +13.3% |
5+ Bedrooms | $650K | $477.5K | -26.5% |
Summary: Monroe Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Cities
Boiling Springs | $345.5K | $430.5K | +24.6% |
Mechanicsburg | $310.3K | $355.8K | +14.7% |
Upper Allen Township | $320K | $344.9K | +7.8% |
Monroe Township | $381.2K | $405K | +6.2% |
Housing Supply in Monroe Township, PA
How many homes are available in Monroe Township, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Summary: The Monroe Township real estate market had 21 homes for sale in February 2024, a 12.5% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Monroe Township 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Monroe Township in February 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Monroe Township, PA
How long does it take to sell a home in Monroe Township, PA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
9 Days | 27 Days | +203.7% |
Summary: Homes in Monroe Township had an average of 27 days on market in Feb 2024, up by 203.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Monroe Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.