$10,000 Closing Credit*
$850,000
3,684 SqFt
4 Beds
•2 Full Baths, 1 Partial
Patty Amaya, Listing Office: Keller Williams Prestige Prop.
Is Monroe, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$535,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+3.9%)
Key Takeaway
Homes in Monroe have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Monroe was $535,000 in October 2024, up 3.9% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199.2K | $293K | +47.1% |
| 2 Bedrooms | $355K | $405.7K | +14.3% |
| 3 Bedrooms | $518.2K | $548K | +5.7% |
| 4 Bedrooms | $620K | $682.5K | +10.1% |
| 5+ Bedrooms | $655K | $720K | +9.9% |
Summary: Monroe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Shelton | $445K | $493.7K | +11.0% |
| Easton | $860K | $950K | +10.5% |
| Trumbull | $550K | $605.7K | +10.1% |
| Monroe | $515K | $535K | +3.9% |
| Sandy Hook | $530K | $535K | +0.9% |
Housing Supply in Monroe, CT
How many homes are available in Monroe, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 60 | -9.1% |
Summary: The Monroe real estate market had 60 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 14 | 7 | -50.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Monroe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 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. 46.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Monroe in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for Monroe, CT
We’re sorry, we don't have information for this market at the moment
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