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

Housing Market Conditions



Gauge showing Monroe is a seller's market


Difference Since August 2022

Since last year, 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

How much do homes in Monroe, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Monroe have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Monroe was $675,000 in August 2023, up 2.4% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $240K$236.6K
2 $387K$459.5K
3 $575K$600K
4 $885K$775K
5+ $940K$857.5K

Summary: Monroe housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 8.8%.

Housing Supply

How many homes are available in Monroe, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Monroe real estate market had 130 homes for sale in August 2023, the same as July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 34
2 66
3 4141
4 6061
5+ 2018

Summary: The Monroe housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, expect to pay close to the asking price. 44.7% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in Monroe in August 2023, the same as the previous month. Of the 38 sold homes, 18% were sold under asking, 45% were sold at asking, and 37% were sold over asking.

Days on Market

How long does it take to sell a home in Monroe, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
21 Days34 Days+65.8%

Summary: Homes in Monroe had an average of 34 days on market in Aug 2023, up by 65.8% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 38 homes were sold in Monroe; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

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