Is Monroe Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe Township is a 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

$395,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,215(+5.1%)

Key Takeaway

Homes in Monroe Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Monroe Township was $395,000 in November 2024, up 5.1% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $155.5K$314.4K
+102.2%
2 $231.9K$236K
+1.8%
3 $350K$350K
0.0%
4 $432.4K$430.4K
-0.5%
5+ $500K$481.4K
-3.7%

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 102.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Madison Township
+17.6%
Gilmer Township
+9.1%
Monroe Township
+5.1%
Mc Leansville
-1.5%
Browns Summit
-11.3%

Housing Supply in Monroe Township, NC

How many homes are available in Monroe Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
456431-5.5%

Summary: The Monroe Township real estate market had 431 homes for sale in November 2024, a 5.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2727
0.0%
3 202202
0.0%
4 162143
-11.7%
5+ 6357
-9.5%

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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10187-13.9%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monroe Township, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in Monroe Township in November 2024, down by 13.9% month-over-month. Of the 87 sold homes, 52% were sold under asking, 40% were sold at asking, and 8% 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 2023Nov 2024CHANGE
45 Days43 Days-2.7%

Summary: Homes in Monroe Township had an average of 43 days on market in Nov 2024, down by 2.7% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monroe Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 87 homes were sold in Monroe Township; 49% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Monroe Township, NC

Nearby Markets to Monroe Township, NC

What housing markets are near Monroe Township, NC?