Is Monroe Township, NC 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 Township has remained a Seller's Market.
Housing Prices in Monroe Township, NC
How much do homes in Monroe Township, NC cost?
Median Sold Price
$379,997
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe Township was $379,997 in April 2024, up 8.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $125K | +25.0% |
2 Bedrooms | $225K | $230.9K | +2.6% |
3 Bedrooms | $330K | $350K | +6.1% |
4 Bedrooms | $403.3K | $428.3K | +6.2% |
5+ Bedrooms | $455K | $501K | +10.1% |
Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Monroe | $350K | $383.8K | +9.7% |
Monroe Township | $350K | $379.9K | +8.6% |
Wingate | $310K | $325K | +4.8% |
Indian Trail | $419.2K | $426.9K | +1.8% |
Unionville | $468K | $404.9K | -13.5% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
314 | 328 | +4.5% |
Summary: The Monroe Township real estate market had 328 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 22 | 18 | -18.2% |
3 Bedrooms | 167 | 166 | -0.6% |
4 Bedrooms | 90 | 96 | +6.7% |
5+ Bedrooms | 34 | 47 | +38.2% |
Summary: The Monroe Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 38.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 94 | +8.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Monroe Township in April 2024, up by 8.0% month-over-month. Of the 94 sold homes, 43% were sold under asking, 28% were sold at asking, and 30% were sold over asking.
Days on Market for Monroe Township, NC
How long does it take to sell a home in Monroe Township, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 33 Days | -31.7% |
Summary: Homes in Monroe Township had an average of 33 days on market in Apr 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in Monroe Township; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.