$4,750 Closing Credit*
$400,000
2,013 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: EXP Realty LLC Mooresville
Is Monroe Township, 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 Township has remained a Seller's Market.
Key Takeaway
Monroe Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe Township, NC
How much do homes in Monroe Township, NC cost?
Median Sold Price
$394,997
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,225(+6.5%)
Key Takeaway
Homes in Monroe Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Monroe Township was $394,997 in November 2024, up 6.5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $314.4K | +151.5% |
| 2 Bedrooms | $232.5K | $240K | +3.2% |
| 3 Bedrooms | $345.2K | $354.5K | +2.7% |
| 4 Bedrooms | $420K | $425K | +1.2% |
| 5+ Bedrooms | $494.8K | $481.4K | -2.7% |
Summary: Monroe Township 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 3.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $370.7K | $394.9K | +6.5% |
| Monroe | $375.1K | $397.8K | +6.0% |
| Wingate | $315K | $330K | +4.8% |
| Indian Trail | $424.7K | $425.1K | 0.1% |
| Unionville | $433K | $389.9K | -10.0% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 400 | 379 | -5.3% |
Summary: The Monroe Township real estate market had 379 homes for sale in November 2024, a 5.3% 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 | 27 | 28 | +3.7% |
| 3 Bedrooms | 182 | 181 | -0.5% |
| 4 Bedrooms | 128 | 111 | -13.3% |
| 5+ Bedrooms | 61 | 57 | -6.6% |
Summary: The Monroe Township 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 increased by 3.7%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 6.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 77 | -9.4% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Monroe Township in November 2024, down by 9.4% month-over-month. Of the 77 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% were sold over asking.
Days on Market for Monroe Township, NC
How long does it take to sell a home in Monroe Township, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 48 Days | +4.5% |
Summary: Homes in Monroe Township had an average of 48 days on market in Nov 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 77 homes were sold in Monroe Township; 43% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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