Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monroe has remained a Seller's Market.
Housing Prices in Monroe, CT
How much do homes in Monroe, CT cost?
Median Sold Price
$525,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe was $525,000 in April 2024, up 7.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231.5K | $215K | -7.1% |
2 Bedrooms | $330K | $360.5K | +9.2% |
3 Bedrooms | $462.5K | $542.5K | +17.3% |
4 Bedrooms | $655K | $624.9K | -4.6% |
5+ Bedrooms | $675K | $577.5K | -14.4% |
Summary: Monroe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 14.4%.
Median Sold Price Compared To Nearby Cities
Trumbull | $534.4K | $575.5K | +7.7% |
Monroe | $489.5K | $525K | +7.3% |
Easton | $857.5K | $907.5K | +5.8% |
Shelton | $443.6K | $460K | +3.7% |
Sandy Hook | $555K | $527K | -5.0% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 54 | +17.4% |
Summary: The Monroe real estate market had 54 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 13 | 19 | +46.2% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Monroe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Monroe in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Monroe, CT
We’re sorry, we don't have information for this market at the moment