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.
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
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
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
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.