Is Monroe, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monroe has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, OH
How much do homes in Monroe, OH cost?
Median Sold Price
$310,000
$168/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Monroe have sold for 14.8% more than they did a month ago.
Summary: The median home sold price in Monroe was $310,000 in April 2024, up 14.8% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $254K | $310K | +22.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $565K | - | N/A |
Summary: Monroe 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 did not change, 3 bedroom homes increased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monroe | $270K | $310K | +14.8% |
| Lemon Township | $250K | $210K | -16.0% |
Housing Supply in Monroe, OH
How many homes are available in Monroe, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Monroe real estate market had 18 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 2 | 7 | +250.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Monroe 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 100%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Monroe in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe, OH
How long does it take to sell a home in Monroe, OH?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 42 Days | -34.7% |
Summary: Homes in Monroe had an average of 42 days on market in Apr 2024, down by 34.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroe has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Monroe; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.