$5,700 Closing Credit*
$480,000
1,651 SqFt
3 Beds
•2 Full Baths
Listing Office: NorthGroup Real Estate LLC
Is Monroe Township, 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 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
$392,185
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,087(+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 $392,185 in October 2024, up 6.5% 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 | $232.5K | $236K | +1.5% |
| 3 Bedrooms | $340K | $352.7K | +3.7% |
| 4 Bedrooms | $424.3K | $425K | 0.2% |
| 5+ Bedrooms | $500K | $477.9K | -4.4% |
Summary: Monroe Township 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 increased by 1.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Wingate | $312K | $332.5K | +6.6% |
| Monroe Township | $368K | $392.1K | +6.5% |
| Monroe | $375K | $395K | +5.3% |
| Indian Trail | $424.6K | $425K | 0.1% |
| Unionville | $453.4K | $393.3K | -13.2% |
Housing Supply in Monroe Township, NC
How many homes are available in Monroe Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 421 | 393 | -6.7% |
Summary: The Monroe Township real estate market had 393 homes for sale in October 2024, a 6.7% 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 | 29 | 29 | 0.0% |
| 3 Bedrooms | 189 | 179 | -5.3% |
| 4 Bedrooms | 141 | 126 | -10.6% |
| 5+ Bedrooms | 61 | 58 | -4.9% |
Summary: The Monroe Township 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 5.3%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 4.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 77 | -13.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 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. 63.6% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Monroe Township in October 2024, down by 13.5% month-over-month. Of the 77 sold homes, 64% were sold under asking, 21% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 38 Days | +23.5% |
Summary: Homes in Monroe Township had an average of 38 days on market in Oct 2024, up by 23.5% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
9 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 October 2024, 77 homes were sold in Monroe Township; 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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