Is Monroe County, OH 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 County has remained a Seller's Market.
Key Takeaway
Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe County, OH
How much do homes in Monroe County, OH cost?
Median Sold Price
$134,000
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Monroe County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Monroe County was $134,000 in April 2024, up 7.3% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $62.5K | $90K | +44.0% |
| 2 Bedrooms | $75.4K | $56K | -25.8% |
| 3 Bedrooms | $124.9K | $133K | +6.5% |
| 4 Bedrooms | $167K | $177K | +6.0% |
| 5+ Bedrooms | $390K | $262.5K | -32.7% |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 32.7%.
Housing Supply in Monroe County, OH
How many homes are available in Monroe County, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Monroe County real estate market had 25 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Monroe County 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monroe County in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe County, OH
How long does it take to sell a home in Monroe County, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 116 Days | 145 Days | +24.3% |
Summary: Homes in Monroe County had an average of 145 days on market in Apr 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monroe County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Monroe County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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