Is Monon, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monon is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Monon has remained a Seller's Market.

Key Takeaway

Monon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monon, IN

How much do homes in Monon, IN cost?

Median Sold Price

$187,000

$147/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$37,500(-16.7%)

Key Takeaway

Homes in Monon have sold for 16.7% less than they did a month ago.

Summary: The median home sold price in Monon was $187,000 in October 2024, down 16.7% from last month, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$187K
N/A
3 $217K$285.5K
+31.6%
4 $349.5K-
N/A
5+ --
N/A

Summary: Monon 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 increased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monon Township
+13.3%
Monon
-16.7%

Housing Supply in Monon, IN

How many homes are available in Monon, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
98-11.1%

Summary: The Monon real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 23
+50.0%
5+ 00
0.0%

Summary: The Monon 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 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monon, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Monon in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Monon, IN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 5 Days Ago

Newest Listings in Monon, IN

Nearby Markets to Monon, IN