$6,116 Closing Credit*
$514,990
5 Beds
•3 Full Baths, 1 Partial
Susan Andrews, Listing Office: New Home Star Ohio LLC
Is Monroe, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Monroe was a Seller's Market.
Key Takeaway
Monroe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monroe, OH
How much do homes in Monroe, OH cost?
Median Sold Price
$336,250
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,750(-3.9%)
Key Takeaway
Homes in Monroe have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Monroe was $336,250 in November 2024, down 3.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $250K | +42.9% |
| 3 Bedrooms | $287.5K | $317.1K | +10.3% |
| 4 Bedrooms | $391K | $387K | -1.0% |
| 5+ Bedrooms | $571.9K | $565K | -1.2% |
Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Liberty Township | $433.7K | $464.5K | +7.1% |
| Middletown | $190.5K | $199.9K | +4.9% |
| Turtlecreek Township | $437K | $450K | +3.0% |
| Monroe | $350K | $336.2K | -3.9% |
| Lemon Township | $345.5K | $330K | -4.5% |
Housing Supply in Monroe, OH
How many homes are available in Monroe, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Monroe real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Monroe in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Monroe, OH
We’re sorry, we don't have information for this market at the moment
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