Is Monroe Township, OH 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.
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, OH
How much do homes in Monroe Township, OH cost?
Median Sold Price
$305,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroe Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Monroe Township was $305,000 in May 2024, up 3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $85K | N/A |
| 2 Bedrooms | $149.9K | $166K | +10.8% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $379.9K | $370K | -2.6% |
| 5+ Bedrooms | $413K | $535K | +29.5% |
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 10.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
| Vandalia | $215K | $225K | +4.7% |
| Butler Township | $260K | $270K | +3.8% |
| Monroe Township | $295.9K | $305K | +3.0% |
| Tipp City | $345.5K | $350K | +1.3% |
| Bethel Township | $285K | $249K | -12.6% |
Housing Supply in Monroe Township, OH
How many homes are available in Monroe Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 62 | -3.1% |
Summary: The Monroe Township real estate market had 62 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
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 16.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Monroe Township in May 2024, the same as the previous month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Monroe Township, OH
How long does it take to sell a home in Monroe Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 86 Days | +43.1% |
Summary: Homes in Monroe Township had an average of 86 days on market in May 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroe Township has remained consistent over time.
Summary: During May 2024, 18 homes were sold in Monroe Township; 6% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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