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
$382,866
$200/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 $382,866 in May 2024, up 2.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $155.5K | N/A |
2 Bedrooms | $233.7K | $225K | -3.7% |
3 Bedrooms | $337.1K | $349.9K | +3.8% |
4 Bedrooms | $449.2K | $437.4K | -2.6% |
5+ Bedrooms | $462.3K | $500.5K | +8.3% |
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 decreased by 3.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Madison Township | $259.9K | $277K | +6.6% |
Gilmer Township | $205.2K | $214.9K | +4.8% |
Mc Leansville | $292.5K | $305K | +4.3% |
Monroe Township | $375K | $382.8K | +2.1% |
Browns Summit | $342.7K | $329.9K | -3.7% |
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 |
---|---|---|
412 | 425 | +3.2% |
Summary: The Monroe Township real estate market had 425 homes for sale in May 2024, a 3.2% 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 | 17 | 19 | +11.8% |
3 Bedrooms | 191 | 185 | -3.1% |
4 Bedrooms | 141 | 151 | +7.1% |
5+ Bedrooms | 62 | 69 | +11.3% |
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 11.8%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 93 | -13.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 93 homes were sold or pending in Monroe Township in May 2024, down by 13.9% month-over-month. Of the 93 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% 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 |
---|---|---|
31 Days | 27 Days | -12.7% |
Summary: Homes in Monroe Township had an average of 27 days on market in May 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 93 homes were sold in Monroe Township; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.