Is Monroe Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$383,820
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe Township was $383,820 in May 2024, up 9.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $225K | $230K | +2.2% |
3 Bedrooms | $334.4K | $350K | +4.7% |
4 Bedrooms | $400K | $426.9K | +6.7% |
5+ Bedrooms | $467.1K | $500.5K | +7.1% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Monroe Township | $350.4K | $383.8K | +9.5% |
Monroe | $357K | $385.4K | +8.0% |
Wingate | $309K | $325K | +5.2% |
Indian Trail | $418.2K | $426.6K | +2.0% |
Unionville | $484.9K | $402.5K | -17.0% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
379 | 389 | +2.6% |
Summary: The Monroe Township real estate market had 389 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 181 | 171 | -5.5% |
4 Bedrooms | 117 | 128 | +9.4% |
5+ Bedrooms | 61 | 68 | +11.5% |
Summary: The Monroe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 85 | -19.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Monroe Township in May 2024, down by 19.8% month-over-month. Of the 85 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -14.7% |
Summary: Homes in Monroe Township had an average of 30 days on market in May 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Monroe Township; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.