$1,401 Closing Credit*
$118,000
2,016 SqFt
3 Beds
•1 Full Bath
Misty Dierkes, Listing Office: Howard Hanna Real Estate Services
Is Monroe County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Monroe County was a Seller's Market.
Key Takeaway
Monroe County 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 County, OH
How much do homes in Monroe County, OH cost?
Median Sold Price
$160,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,250(+24.3%)
Key Takeaway
Homes in Monroe County have sold for 24.3% more than they did a year ago.
Summary: The median home sold price in Monroe County was $160,000 in October 2024, up 24.3% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $44.9K | -42.1% |
| 2 Bedrooms | $41.5K | $121.2K | +192.2% |
| 3 Bedrooms | $115K | $160K | +39.1% |
| 4 Bedrooms | $179K | $206K | +15.1% |
| 5+ Bedrooms | $262.5K | $145K | -44.8% |
Summary: Monroe County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.1%, 2 bedroom homes increased by 192.2%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 44.8%.
Median Sold Price Compared To Nearby Counties
| Monroe County | $128.7K | $160K | +24.3% |
| Noble County | $145K | $165K | +13.8% |
Housing Supply in Monroe County, OH
How many homes are available in Monroe County, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Monroe County real estate market had 45 homes for sale in October 2024, a 25.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 1 | -80.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 20 | 29 | +45.0% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Monroe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Monroe County in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Monroe County, OH
How long does it take to sell a home in Monroe County, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 139 Days | +58.3% |
Summary: Homes in Monroe County had an average of 139 days on market in Oct 2024, up by 58.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Monroe County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Monroe County; 14% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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