$2,350 Closing Credit*
$197,900
960 SqFt
4 Beds
•1 Full Bath, 1 Partial
Danny West, Listing Office: RE/MAX Concepts
Is Monroe Township, IA 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 Township has remained a Seller's Market.
Key Takeaway
Monroe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe Township, IA
How much do homes in Monroe Township, IA cost?
Median Sold Price
$243,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+15.7%)
Key Takeaway
Homes in Monroe Township have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Monroe Township was $243,000 in November 2024, up 15.7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $150K | $221.3K | +47.5% |
| 3 Bedrooms | $200K | $243K | +21.5% |
| 4 Bedrooms | $380K | $255K | -32.9% |
| 5+ Bedrooms | $408K | - | N/A |
Summary: Monroe Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 21.5%, 4 bedroom homes decreased by 32.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $261.8K | $316.5K | +20.9% |
| Monroe Township | $210K | $243K | +15.7% |
Housing Supply in Monroe Township, IA
How many homes are available in Monroe Township, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Monroe Township real estate market had 14 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Monroe Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Monroe Township in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Monroe Township, IA
How long does it take to sell a home in Monroe Township, IA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 134 Days | +999.3% |
Summary: Homes in Monroe Township had an average of 134 days on market in Nov 2024, up by 999.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monroe Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Monroe Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
