$79,900
2.16 Acres
Land
Robert Jacobs, Listing Office: eXp Realty, LLC
Is Monroe Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Monroe Charter Township has remained a Seller's Market.
Key Takeaway
Monroe Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe Charter Township, MI
How much do homes in Monroe Charter Township, MI cost?
Median Sold Price
$209,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+4.5%)
Key Takeaway
Homes in Monroe Charter Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Monroe Charter Township was $209,000 in October 2024, up 4.5% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.2K | $101K | +59.8% |
| 2 Bedrooms | $147.5K | $150K | +1.7% |
| 3 Bedrooms | $200K | $212K | +6.0% |
| 4 Bedrooms | $290K | $265K | -8.6% |
| 5+ Bedrooms | $285K | $319.9K | +12.3% |
Summary: Monroe Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 59.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| La Salle | $215K | $273K | +27.0% |
| La Salle Township | $241.5K | $263.5K | +9.1% |
| Monroe Charter Township | $200K | $209K | +4.5% |
| Monroe | $200K | $209K | +4.5% |
| Frenchtown Township | $213.5K | $215K | +0.7% |
Housing Supply in Monroe Charter Township, MI
How many homes are available in Monroe Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 202 | 199 | -1.5% |
Summary: The Monroe Charter Township real estate market had 199 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 37 | 31 | -16.2% |
| 3 Bedrooms | 104 | 103 | -1.0% |
| 4 Bedrooms | 51 | 55 | +7.8% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Monroe Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 47 | -14.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Charter Township, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Monroe Charter Township in October 2024, down by 14.5% month-over-month. Of the 47 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for Monroe Charter Township, MI
How long does it take to sell a home in Monroe Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 31 Days | -12.3% |
Summary: Homes in Monroe Charter Township had an average of 31 days on market in Oct 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monroe Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 47 homes were sold in Monroe Charter Township; 64% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.