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
$378,235
$199/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 $378,235 in April 2024, up 0.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155.5K | N/A |
2 Bedrooms | $232.5K | $225K | -3.2% |
3 Bedrooms | $331.9K | $350K | +5.5% |
4 Bedrooms | $468.5K | $435K | -7.2% |
5+ Bedrooms | $446.5K | $501.4K | +12.3% |
Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Madison Township | $250K | $268.9K | +7.6% |
Gilmer Township | $200K | $212.5K | +6.3% |
Mc Leansville | $292.5K | $299.9K | +2.6% |
Monroe Township | $374.9K | $378.2K | +0.9% |
Browns Summit | $341K | $327.4K | -4.0% |
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 |
---|---|---|
346 | 359 | +3.8% |
Summary: The Monroe Township real estate market had 359 homes for sale in April 2024, a 3.8% 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 | 17 | -22.7% |
3 Bedrooms | 179 | 176 | -1.7% |
4 Bedrooms | 110 | 117 | +6.4% |
5+ Bedrooms | 34 | 48 | +41.2% |
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 22.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 96 | -7.7% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Monroe Township in April 2024, down by 7.7% month-over-month. Of the 96 sold homes, 44% were sold under asking, 26% 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 |
---|---|---|
50 Days | 32 Days | -34.9% |
Summary: Homes in Monroe Township had an average of 32 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 96 homes were sold in Monroe Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.