Is Monroe County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Monroe County was a Buyer's Market.

Key Takeaway

Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monroe County, IN

How much do homes in Monroe County, IN cost?

Median Sold Price

$345,000

$189/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$56,750(+19.7%)

Key Takeaway

Homes in Monroe County have sold for 19.7% more than they did a month ago.

Summary: The median home sold price in Monroe County was $345,000 in April 2024, up 19.7% from last month, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $185K$229K
+23.8%
3 $382.5K$329K
-14.0%
4 $304K$419.5K
+38.0%
5+ -$760K
N/A

Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 38%, and 5+ bedroom homes did not change.

Housing Supply in Monroe County, IN

How many homes are available in Monroe County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
196321+63.8%

Summary: The Monroe County real estate market had 321 homes for sale in April 2024, a 63.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 3657
+58.3%
3 83140
+68.7%
4 5793
+63.2%
5+ 1928
+47.4%

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 200%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 68.7%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes increased by 47.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1659+268.8%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in Monroe County in April 2024, up by 268.8% month-over-month. Of the 59 sold homes, 42% were sold under asking, 41% were sold at asking, and 17% were sold over asking.

Days on Market for Monroe County, IN

How long does it take to sell a home in Monroe County, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
35 Days30 Days-13.5%

Summary: Homes in Monroe County had an average of 30 days on market in Apr 2024, down by 13.5% compared to last month.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 59 homes were sold in Monroe County; 17% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Monroe County, IN

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What housing markets are near Monroe County, IN?