$5,641 Closing Credit*
$475,000
1,570 SqFt
4 Beds
•1 Full Bath, 1 Partial
Marlyn D'Amico, Listing Office: RE/MAX Right Choice
Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Monroe has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, CT
How much do homes in Monroe, CT cost?
Median Sold Price
$525,500
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,000(+0.8%)
Key Takeaway
Homes in Monroe have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Monroe was $525,500 in November 2024, up 0.8% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $305K | +60.5% |
| 2 Bedrooms | $355K | $412.5K | +16.2% |
| 3 Bedrooms | $535K | $545K | +1.9% |
| 4 Bedrooms | $620K | $690K | +11.3% |
| 5+ Bedrooms | $647.5K | $747.5K | +15.4% |
Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60.5%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Shelton | $446.7K | $498.3K | +11.5% |
| Easton | $860K | $950K | +10.5% |
| Trumbull | $552.3K | $607.8K | +10.0% |
| Monroe | $521.5K | $525.5K | +0.8% |
| Sandy Hook | $545K | $542.5K | -0.5% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 53 | -15.9% |
Summary: The Monroe real estate market had 53 homes for sale in November 2024, a 15.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 8 | -27.3% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Monroe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Monroe in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Monroe, CT
How long does it take to sell a home in Monroe, CT?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Monroe; 7% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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