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

$277,400

$128/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$22,401(+8.8%)

Key Takeaway

Homes in Monroe Township have sold for 8.8% more than they did a month ago.

Summary: The median home sold price in Monroe Township was $277,400 in October 2024, up 8.8% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$79.5K
N/A
3 $254.9K$255K
0.0%
4 -$288.7K
N/A
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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bainbridge
+9.3%
Monroe Township
+8.8%

Housing Supply in Monroe Township, IN

How many homes are available in Monroe Township, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1822+22.2%

Summary: The Monroe Township real estate market had 22 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 33
0.0%
3 1014
+40.0%
4 44
0.0%
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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 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. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Monroe Township in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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

Sep 2024Oct 2024CHANGE
51 Days47 Days-7.8%

Summary: Homes in Monroe Township had an average of 47 days on market in Oct 2024, down by 7.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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, 5 homes were sold in Monroe Township; 20% of homes were sold within 30 days, 20% 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 4 Days Ago

Newest Listings in Monroe Township, IN

Nearby Markets to Monroe Township, IN

What housing markets are near Monroe Township, IN?