$4,572 Closing Credit*
$385,000
1,568 SqFt
3 Beds
•3 Full Baths
Ashley Canales, Listing Office: Serenity Realty LLC
Is Monroe County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Monroe County has remained a Seller's Market.
Key Takeaway
Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe County, MI
How much do homes in Monroe County, MI cost?
Median Sold Price
$240,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,250(+2.2%)
Key Takeaway
Homes in Monroe County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Monroe County was $240,000 in November 2024, up 2.2% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $104K | $107.5K | +3.4% |
| 2 Bedrooms | $160K | $165.6K | +3.5% |
| 3 Bedrooms | $230K | $235.6K | +2.4% |
| 4 Bedrooms | $300K | $317.5K | +5.8% |
| 5+ Bedrooms | $316K | $356.6K | +12.9% |
Summary: Monroe County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Counties
| Lucas County | $153.2K | $167.5K | +9.3% |
| Wayne County | $177.7K | $190.7K | +7.3% |
| Washtenaw County | $385.3K | $405.7K | +5.3% |
| Monroe County | $234.7K | $240K | +2.2% |
Housing Supply in Monroe County, MI
How many homes are available in Monroe County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 565 | 543 | -3.9% |
Summary: The Monroe County real estate market had 543 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 80 | 74 | -7.5% |
| 3 Bedrooms | 289 | 283 | -2.1% |
| 4 Bedrooms | 163 | 157 | -3.7% |
| 5+ Bedrooms | 28 | 23 | -17.9% |
Summary: The Monroe County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 17.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 114 | -19.1% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 48.2% of homes here sold below asking price last month.
Summary: A total of 114 homes were sold or pending in Monroe County in November 2024, down by 19.1% month-over-month. Of the 114 sold homes, 48% were sold under asking, 16% were sold at asking, and 36% were sold over asking.
Days on Market for Monroe County, MI
How long does it take to sell a home in Monroe County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 Days | +33.5% |
Summary: Homes in Monroe County had an average of 45 days on market in Nov 2024, up by 33.5% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 114 homes were sold in Monroe County; 48% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% 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.