$6,282 Closing Credit*
$529,000
1,912 SqFt
3 Beds
•3 Full Baths, 1 Partial
Jennifer MacLeod, Listing Office: Wiens And Roth Real Estate - Lambertville
Is Monroe County, 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 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
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+3.4%)
Key Takeaway
Homes in Monroe County have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Monroe County was $240,000 in October 2024, up 3.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $107.5K | +7.5% |
| 2 Bedrooms | $160K | $169.4K | +5.9% |
| 3 Bedrooms | $228.3K | $236.2K | +3.5% |
| 4 Bedrooms | $308.3K | $315.9K | +2.5% |
| 5+ Bedrooms | $337.5K | $351K | +4.0% |
Summary: Monroe County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
| Lucas County | $150K | $167.2K | +11.5% |
| Wayne County | $179.7K | $190.5K | +6.0% |
| Washtenaw County | $383.8K | $406K | +5.8% |
| Monroe County | $232K | $240K | +3.4% |
Housing Supply in Monroe County, MI
How many homes are available in Monroe County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 542 | 558 | +3.0% |
Summary: The Monroe County real estate market had 558 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 83 | 79 | -4.8% |
| 3 Bedrooms | 282 | 291 | +3.2% |
| 4 Bedrooms | 150 | 159 | +6.0% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Monroe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 130 | -11.6% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
50 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. 43.1% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Monroe County in October 2024, down by 11.6% month-over-month. Of the 130 sold homes, 43% were sold under asking, 18% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 38 Days | +6.0% |
Summary: Homes in Monroe County had an average of 38 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 130 homes were sold in Monroe County; 56% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 7% 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.