Is Monroe Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, IN
How much do homes in Monroe Township, IN cost?
Median Sold Price
$142,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe Township was $142,500 in May 2024, down 10.8% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $32K | $59K | +84.4% |
2 Bedrooms | $124.5K | $78.9K | -36.6% |
3 Bedrooms | $160K | $149.5K | -6.6% |
4 Bedrooms | $199.9K | $211.9K | +6.0% |
5+ Bedrooms | $245K | $290K | +18.4% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.4%, 2 bedroom homes decreased by 36.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
Alexandria | $152.9K | $155K | +1.3% |
Monroe Township | $159.7K | $142.5K | -10.8% |
Housing Supply in Monroe Township, IN
How many homes are available in Monroe Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Monroe Township real estate market had 34 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Monroe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Monroe Township in May 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Monroe Township, IN
How long does it take to sell a home in Monroe Township, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 33 Days | +182.9% |
Summary: Homes in Monroe Township had an average of 33 days on market in May 2024, up by 182.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Monroe Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.