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 Last Month

Last month, Monroe Township was a Buyer's 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

$265,000

$109/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$55,000(-17.2%)

Key Takeaway

Homes in Monroe Township have sold for 17.2% less than they did a month ago.

Summary: The median home sold price in Monroe Township was $265,000 in October 2024, down 17.2% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$79.5K
N/A
3 -$230K
N/A
4 $320K$310.5K
-3.0%
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 did not change, 4 bedroom homes decreased by 3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ervin Township
+83.9%
Clay Township
+12.8%
Honey Creek Township
+8.3%
Harrison Township
-7.4%
Monroe Township
-17.2%

Housing Supply in Monroe Township, IN

How many homes are available in Monroe Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
15150.0%

Summary: The Monroe Township real estate market had 15 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 57
+40.0%
4 64
-33.3%
5+ 00
0.0%

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 increased by 40%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 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, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Monroe Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Monroe Township, 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 4 Days Ago

Newest Listings in Monroe Township, IN

Nearby Markets to Monroe Township, IN

What housing markets are near Monroe Township, IN?