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 neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Monroe County was a Seller's Market.

Key Takeaway

Monroe County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Monroe County, IN

How much do homes in Monroe County, IN cost?

Median Sold Price

$302,000

$178/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$8,000(+2.7%)

Key Takeaway

Homes in Monroe County have sold for 2.7% more than they did a month ago.

Summary: The median home sold price in Monroe County was $302,000 in November 2024, up 2.7% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $148K$167K
+12.8%
2 $207.5K$181K
-12.8%
3 $286.7K$289.9K
+1.1%
4 $370K$429K
+15.9%
5+ $470K$320K
-31.9%

Summary: Monroe County housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes decreased by 31.9%.

Median Sold Price Compared To Nearby Counties

Monroe County
+2.7%
Lawrence County
-9.3%

Housing Supply in Monroe County, IN

How many homes are available in Monroe County, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
623596-4.3%

Summary: The Monroe County real estate market had 596 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1615
-6.3%
2 99101
+2.0%
3 318294
-7.5%
4 152146
-3.9%
5+ 3840
+5.3%

Summary: The Monroe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11896-18.6%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

17 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. 67.4% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in Monroe County in November 2024, down by 18.6% month-over-month. Of the 95 sold homes, 67% were sold under asking, 18% were sold at asking, and 15% 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

Oct 2024Nov 2024CHANGE
25 Days85 Days+236.6%

Summary: Homes in Monroe County had an average of 85 days on market in Nov 2024, up by 236.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 96 homes were sold in Monroe County; 2% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% 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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