Is Monroe County, WI 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 County has remained a Seller's Market.
Key Takeaway
Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Monroe County, WI cost?
Median Sold Price
$225,000
$134/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since August 2022.
Key Takeaway
The sold price of homes in Monroe County has remained the same since last year.
Summary: The median home sold price in Monroe County was $225,000 in August 2023, the same as last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $145.7K | $165K | +13.2% |
| 3 Bedrooms | $215K | $207.5K | -3.5% |
| 4 Bedrooms | $225K | $306.5K | +36.2% |
| 5+ Bedrooms | $306.5K | $425K | +38.7% |
Summary: Monroe County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Counties
| La Crosse County | $258.8K | $280.6K | +8.4% |
| Monroe County | $225K | $225K | 0.0% |
| Vernon County | $272.5K | $229.4K | -15.8% |
Housing Supply
How many homes are available in Monroe County, WI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 138 | 143 | +3.6% |
Summary: The Monroe County real estate market had 143 homes for sale in August 2023, a 3.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 67 | 63 | -6.0% |
| 4 Bedrooms | 36 | 41 | +13.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Monroe County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Monroe County in August 2023, down by 12.5% month-over-month. Of the 35 sold homes, 40% were sold under asking, 29% were sold at asking, and 31% were sold over asking.
Listings courtesy of NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. as distributed by MLS GRID.
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