Is Monroe Township, IN 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 October 2023

At the same time last year, 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, IN

How much do homes in Monroe Township, IN cost?

Median Sold Price

$165,000

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,550(+18.3%)

Key Takeaway

Homes in Monroe Township have sold for 18.3% more than they did a year ago.

Summary: The median home sold price in Monroe Township was $165,000 in October 2024, up 18.3% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K-
N/A
2 $83K$90K
+8.4%
3 $139.9K$173.9K
+24.3%
4 $194.5K$224.9K
+15.6%
5+ $225K$227.5K
+1.1%

Summary: Monroe Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Monroe Township
+18.3%
Alexandria
+11.7%
Van Buren Township
+6.6%

Housing Supply in Monroe Township, IN

How many homes are available in Monroe Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4847-2.1%

Summary: The Monroe Township real estate market had 47 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1312
-7.7%
3 2624
-7.7%
4 67
+16.7%
5+ 23
+50.0%

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 decreased by 7.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Monroe Township in October 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.

Days on Market for Monroe Township, IN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days27 Days-25.5%

Summary: Homes in Monroe Township had an average of 27 days on market in Oct 2024, down by 25.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in Monroe Township; 36% of homes were sold within 30 days, 27% 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 16 Days Ago

Newest Listings in Monroe Township, IN

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