Is Monroe Township, OH 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 December 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, OH

How much do homes in Monroe Township, OH cost?

Median Sold Price

$338,750

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$23,000(-6.4%)

Key Takeaway

Homes in Monroe Township have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Monroe Township was $338,750 in December 2024, down 6.4% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $175K$250K
+42.9%
3 $270K$315K
+16.7%
4 $386.2K$391K
+1.2%
5+ $409.9K$420K
+2.5%

Summary: Monroe Township housing prices by bedroom type for December 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 16.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Richfield Township
+17.7%
Monroe Township
-6.4%
Harrison Township
-12.0%

Housing Supply in Monroe Township, OH

How many homes are available in Monroe Township, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1520+33.3%

Summary: The Monroe Township real estate market had 20 homes for sale in December 2024, a 33.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 58
+60.0%
4 55
0.0%
5+ 34
+33.3%

Summary: The Monroe Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Monroe Township in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Monroe Township, OH

How long does it take to sell a home in Monroe Township, OH?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Monroe Township has remained consistent over time.

Summary: During December 2024, 5 homes were sold in Monroe Township; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Monroe Township, OH

Nearby Markets to Monroe Township, OH