Is Monroe, WA 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 July 2021

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.

How much do homes in Monroe, WA cost?

Median Sold Price

$650,000

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$125,000(+23.8%)

Key Takeaway

Homes in Monroe have sold for 23.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $180K$240K
+33.3%
2 $302K$375K
+24.2%
3 $476.9K$566.2K
+18.7%
4 $608.7K$863K
+41.8%
5+ $680K$930K
+36.8%

How many homes are available in Monroe, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
95103+8.4%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 24
+100.0%
3 4341
-4.7%
4 3545
+28.6%
5+ 1513
-13.3%

Number of Homes Sold

Jun 2022Jul 2022%
3024-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
6 Days10 Days+65.1%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 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.

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

About Monroe, WA

Monroe, WA has 103 homes on the market. The inventory of homes for sale in Monroe, WA between June 2022 and July 2022 increased by 8.4%. While the average time on the market in July 2022 was 10 days, the median list price was $650,000. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 33.3% more expensive, the cost of 2 bedrooms properties went up by 24.2%, prices of 3 bedrooms properties increased by 18.7%, 4 bedrooms properties became 41.8% more expensive, prices of 5 bedrooms properties went up by 36.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes became 4.7% less available, number of 4 bedrooms homes increased by 28.6%, volume of 5 bedrooms homes went down by 13.3%. While more than 15 listings in Monroe, WA in July 2022 were sold above asking price, there were more than 6 listings sold at asking price, and more than 3 were sold below.