Is Monroe Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Monroe Township has remained a Seller's Market.

Key Takeaway

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

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

+$3,285(+0.9%)

Key Takeaway

Homes in Monroe Township have sold for 0.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 -$155.5K
N/A
2 $232.5K$225K
-3.2%
3 $331.9K$350K
+5.5%
4 $468.5K$435K
-7.2%
5+ $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
+7.6%
Gilmer Township
+6.3%
Mc Leansville
+2.6%
Monroe Township
+0.9%
Browns Summit
-4.0%

Housing Supply in Monroe Township, NC

How many homes are available in Monroe Township, NC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
346359+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2217
-22.7%
3 179176
-1.7%
4 110117
+6.4%
5+ 3448
+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 2024Apr 2024CHANGE
10496-7.7%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
50 Days32 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 10 Days Ago

Newest Listings in Monroe Township, NC

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What housing markets are near Monroe Township, NC?