Is Monroe County, PA 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, PA
How much do homes in Monroe County, PA cost?
Median Sold Price
$305,171
$166/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 $305,171 in May 2024, up 5.3% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $156K | +24.8% |
2 Bedrooms | $199.9K | $200K | 0.0% |
3 Bedrooms | $270K | $280.2K | +3.8% |
4 Bedrooms | $350K | $366K | +4.6% |
5+ Bedrooms | $397.6K | $470K | +18.2% |
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 24.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Counties
Pike County | $237.5K | $267K | +12.4% |
Monroe County | $289.9K | $305.1K | +5.3% |
Carbon County | $227.1K | $235.1K | +3.6% |
Housing Supply in Monroe County, PA
How many homes are available in Monroe County, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
382 | 371 | -2.9% |
Summary: The Monroe County real estate market had 371 homes for sale in May 2024, a 2.9% decrease 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 | 32 | 37 | +15.6% |
3 Bedrooms | 182 | 175 | -3.8% |
4 Bedrooms | 112 | 115 | +2.7% |
5+ Bedrooms | 55 | 43 | -21.8% |
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 15.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 21.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 50 | -30.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Monroe County in May 2024, down by 30.6% month-over-month. Of the 50 sold homes, 44% were sold under asking, 16% were sold at asking, and 40% were sold over asking.
Days on Market for Monroe County, PA
How long does it take to sell a home in Monroe County, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 35 Days | +12.0% |
Summary: Homes in Monroe County had an average of 35 days on market in May 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Monroe County; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.