Is Monroe County, IL 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 County has remained a Seller's Market.
Housing Prices in Monroe County, IL
How much do homes in Monroe County, IL cost?
Median Sold Price
$307,175
$144/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 $307,175 in May 2024, up 4.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176K | $112.5K | -36.1% |
2 Bedrooms | $185K | $205K | +10.8% |
3 Bedrooms | $295K | $304.2K | +3.1% |
4 Bedrooms | $355K | $382.5K | +7.7% |
5+ Bedrooms | $443.2K | $375K | -15.4% |
Summary: Monroe County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Counties
Randolph County | $125K | $135K | +8.0% |
Saint Clair County | $187.7K | $199.9K | +6.5% |
Monroe County | $292.9K | $307.1K | +4.8% |
Saint Louis County | $244.9K | $244.9K | 0.0% |
Housing Supply in Monroe County, IL
How many homes are available in Monroe County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 95 | +20.3% |
Summary: The Monroe County real estate market had 95 homes for sale in May 2024, a 20.3% increase 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 | 11 | 10 | -9.1% |
3 Bedrooms | 48 | 59 | +22.9% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 2 | 4 | +100.0% |
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 decreased by 9.1%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Monroe County in May 2024, up by 10.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Monroe County, IL
How long does it take to sell a home in Monroe County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 28 Days | -29.3% |
Summary: Homes in Monroe County had an average of 28 days on market in May 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Monroe County; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.