Is Monroe, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$675,000
$340/sqft
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $236.6K | -1.4% |
| 2 Bedrooms | $387K | $459.5K | +18.7% |
| 3 Bedrooms | $575K | $600K | +4.3% |
| 4 Bedrooms | $885K | $775K | -12.4% |
| 5+ Bedrooms | $940K | $857.5K | -8.8% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 130 | 130 | 0.0% |
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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 60 | 61 | +1.7% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 38 | 38 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 21 Days | 34 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
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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.