Is Monroe County, FL 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 County has remained a Buyer's Market.
Key Takeaway
Monroe County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monroe County, FL
How much do homes in Monroe County, FL cost?
Median Sold Price
$1,072,500
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monroe County have sold for 25.3% more than they did a year ago.
Summary: The median home sold price in Monroe County was $1,072,500 in April 2024, up 25.3% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407K | $510K | +25.3% |
| 2 Bedrooms | $633.7K | $719K | +13.5% |
| 3 Bedrooms | $950K | $1.1M | +18.4% |
| 4 Bedrooms | $1.6M | $2.4M | +47.1% |
| 5+ Bedrooms | $3.3M | $2.6M | -19.5% |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 47.1%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Counties
| Monroe County | $856.2K | $1.0M | +25.3% |
| Miami-Dade County | $484.9K | $530.9K | +9.5% |
| Collier County | $600K | $648.6K | +8.1% |
Housing Supply in Monroe County, FL
How many homes are available in Monroe County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 228 | 254 | +11.4% |
Summary: The Monroe County real estate market had 254 homes for sale in April 2024, a 11.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 59 | 58 | -1.7% |
| 3 Bedrooms | 90 | 108 | +20.0% |
| 4 Bedrooms | 39 | 44 | +12.8% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Monroe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 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. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Monroe County in April 2024, the same as the previous month. Of the 18 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Monroe County, FL
How long does it take to sell a home in Monroe County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 99 Days | 65 Days | -34.4% |
Summary: Homes in Monroe County had an average of 65 days on market in Apr 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Monroe County; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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