Is Monroe County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe County is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Monroe County, IN

How much do homes in Monroe County, IN cost?

Median Sold Price

$294,000

$180/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$21,000(-6.7%)

Key Takeaway

Homes in Monroe County have sold for 6.7% less than they did a month ago.

Summary: The median home sold price in Monroe County was $294,000 in October 2024, down 6.7% from last month, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $215K$129K
-40.0%
2 $228.5K$205K
-10.3%
3 $309.5K$282K
-8.9%
4 $482.4K$423K
-12.3%
5+ $649.9K$470K
-27.7%

Summary: Monroe County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 27.7%.

Median Sold Price Compared To Nearby Counties

Lawrence County
-4.6%
Monroe County
-6.7%

Housing Supply in Monroe County, IN

How many homes are available in Monroe County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
623650+4.3%

Summary: The Monroe County real estate market had 650 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1315
+15.4%
2 106104
-1.9%
3 309333
+7.8%
4 150159
+6.0%
5+ 4539
-13.3%

Summary: The Monroe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
131116-11.5%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 116 homes were sold or pending in Monroe County in October 2024, down by 11.5% month-over-month. Of the 112 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Monroe County, IN

How long does it take to sell a home in Monroe County, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
49 Days26 Days-46.8%

Summary: Homes in Monroe County had an average of 26 days on market in Oct 2024, down by 46.8% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 116 homes were sold in Monroe County; 3% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Monroe County, IN

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What housing markets are near Monroe County, IN?