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 November 2023

Since last year, Monroe Township has remained a Seller'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

$294,500

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,550(+10.3%)

Key Takeaway

Homes in Monroe Township have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Monroe Township was $294,500 in November 2024, up 10.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$182K
N/A
2 $154.9K$272K
+75.6%
3 $249.9K$283K
+13.2%
4 $284.5K$305K
+7.2%
5+ $332K$336.1K
+1.3%

Summary: Monroe Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Monrovia
+19.6%
Brown Township
+13.8%
Monroe Township
+10.3%
Liberty Township
+6.1%
Guilford Township
+5.5%

Housing Supply in Monroe Township, IN

How many homes are available in Monroe Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6366+4.8%

Summary: The Monroe Township real estate market had 66 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 77
0.0%
3 2730
+11.1%
4 1919
0.0%
5+ 78
+14.3%

Summary: The Monroe Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
914+55.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were 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 14 homes were sold or pending in Monroe Township in November 2024, up by 55.6% month-over-month. Of the 14 sold homes, 36% were sold under asking, 50% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
17 Days49 Days+188.3%

Summary: Homes in Monroe Township had an average of 49 days on market in Nov 2024, up by 188.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 14 homes were sold in Monroe Township; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Monroe Township, IN

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