$4,750 Closing Credit*
$400,000
2,013 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP Realty LLC Mooresville
Is Monroe, NC 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 has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, NC
How much do homes in Monroe, NC cost?
Median Sold Price
$397,840
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,641(+6.0%)
Key Takeaway
Homes in Monroe have sold for 6% more than they did a year ago.
Summary: The median home sold price in Monroe was $397,840 in November 2024, up 6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $314.4K | +151.5% |
| 2 Bedrooms | $232.5K | $237K | +1.9% |
| 3 Bedrooms | $350K | $357.3K | +2.1% |
| 4 Bedrooms | $421.4K | $425.5K | +1.0% |
| 5+ Bedrooms | $500K | $485K | -3.0% |
Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 151.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $370.7K | $394.9K | +6.5% |
| Monroe | $375.1K | $397.8K | +6.0% |
| Indian Trail | $424.7K | $425.1K | 0.1% |
| Vance Township | $426.5K | $425K | -0.4% |
| Unionville | $433K | $389.9K | -10.0% |
Housing Supply in Monroe, NC
How many homes are available in Monroe, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 392 | 371 | -5.4% |
Summary: The Monroe real estate market had 371 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 173 | 174 | +0.6% |
| 4 Bedrooms | 130 | 113 | -13.1% |
| 5+ Bedrooms | 61 | 56 | -8.2% |
Summary: The Monroe 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 remained the same, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 8.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 77 | -6.1% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Monroe in November 2024, down by 6.1% month-over-month. Of the 77 sold homes, 55% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Monroe, NC
How long does it take to sell a home in Monroe, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 48 Days | +5.7% |
Summary: Homes in Monroe had an average of 48 days on market in Nov 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 77 homes were sold in Monroe; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.