Is Monroe Township, IA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Monroe Township was a Neutral 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

$230,000

$186/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$42,000(-15.4%)

Key Takeaway

Homes in Monroe Township have sold for 15.4% less than they did a month ago.

Summary: The median home sold price in Monroe Township was $230,000 in October 2024, down 15.4% from last month, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$405K
N/A
3 $272K$187.5K
-31.1%
4 -$230K
N/A
5+ --
N/A

Summary: Monroe Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe Township
-15.4%
Amana
-16.3%
Lenox Township
-16.3%

Housing Supply in Monroe Township, IA

How many homes are available in Monroe Township, IA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1316+23.1%

Summary: The Monroe Township real estate market had 16 homes for sale in October 2024, a 23.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 42
-50.0%
4 610
+66.7%
5+ 01
+100.0%

Summary: The Monroe Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Monroe Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
20 Days77 Days+275.6%

Summary: Homes in Monroe Township had an average of 77 days on market in Oct 2024, up by 275.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Monroe Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Monroe Township, IA

Nearby Markets to Monroe Township, IA