$5,700 Closing Credit*
$480,000
1,651 SqFt
3 Beds
•2 Full Baths
Listing Office: NorthGroup Real Estate LLC
Is Monroe, NC 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 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
$395,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+5.3%)
Key Takeaway
Homes in Monroe have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Monroe was $395,000 in October 2024, up 5.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $175K | +40.0% |
| 2 Bedrooms | $233.7K | $233.5K | -0.1% |
| 3 Bedrooms | $347.4K | $356K | +2.5% |
| 4 Bedrooms | $424.9K | $425.5K | 0.2% |
| 5+ Bedrooms | $500K | $482K | -3.6% |
Summary: Monroe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $368K | $392.1K | +6.5% |
| Monroe | $375K | $395K | +5.3% |
| Indian Trail | $424.6K | $425K | 0.1% |
| Vance Township | $426.6K | $426K | -0.1% |
| Unionville | $453.4K | $393.3K | -13.2% |
Housing Supply in Monroe, NC
How many homes are available in Monroe, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 408 | 386 | -5.4% |
Summary: The Monroe real estate market had 386 homes for sale in October 2024, a 5.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 178 | 171 | -3.9% |
| 4 Bedrooms | 139 | 128 | -7.9% |
| 5+ Bedrooms | 62 | 58 | -6.5% |
Summary: The Monroe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 74 | -14.9% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Monroe in October 2024, down by 14.9% month-over-month. Of the 74 sold homes, 62% were sold under asking, 20% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 38 Days | +24.7% |
Summary: Homes in Monroe had an average of 38 days on market in Oct 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 74 homes were sold in Monroe; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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