Is Monroe County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Monroe County was a Seller's Market.
Housing Prices in Monroe County, FL
How much do homes in Monroe County, FL cost?
Median Sold Price
$954,000
$723/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe County was $954,000 in May 2024, up 9.8% from last year, and the median price per square foot was $723.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $495K | +4.2% |
2 Bedrooms | $637.5K | $719K | +12.8% |
3 Bedrooms | $950K | $1.1M | +18.4% |
4 Bedrooms | $1.7M | $2.4M | +36.4% |
5+ Bedrooms | $3.4M | $2.6M | -23.4% |
Summary: Monroe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Counties
Miami-Dade County | $486K | $536.1K | +10.3% |
Monroe County | $868.5K | $954K | +9.8% |
Collier County | $618.9K | $650.1K | +5.0% |
Housing Supply in Monroe County, FL
How many homes are available in Monroe County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
240 | 283 | +17.9% |
Summary: The Monroe County real estate market had 283 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 55 | 69 | +25.5% |
3 Bedrooms | 100 | 113 | +13.0% |
4 Bedrooms | 43 | 51 | +18.6% |
5+ Bedrooms | 32 | 40 | +25.0% |
Summary: The Monroe County 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 25.5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 15 | -34.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Monroe County in May 2024, down by 34.8% month-over-month. Of the 15 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% were sold over asking.
Days on Market for Monroe County, FL
How long does it take to sell a home in Monroe County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
98 Days | 98 Days | 0.1% |
Summary: Homes in Monroe County had an average of 98 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Monroe County; 33% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.