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 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

$168,500

$106/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$6,500(+4.0%)

Key Takeaway

Homes in Monroe Township have sold for 4% more than they did a month ago.

Summary: The median home sold price in Monroe Township was $168,500 in November 2024, up 4% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $56K$96K
+71.4%
3 $196K$171K
-12.8%
4 $300K$263K
-12.3%
5+ -$115K
N/A

Summary: Monroe Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Green Township
+34.0%
Monroe Township
+4.0%
Franklin Township
+1.8%
Farmland
-45.4%

Housing Supply in Monroe Township, IN

How many homes are available in Monroe Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3025-16.7%

Summary: The Monroe Township real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 118
-27.3%
4 88
0.0%
5+ 11
0.0%

Summary: The Monroe Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were 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 November 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.

Days on Market for Monroe Township, IN

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

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 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, 11 homes were sold in Monroe Township; 18% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

Newest Listings in Monroe Township, IN

Nearby Markets to Monroe Township, IN