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 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, OH

How much do homes in Monroe Township, OH cost?

Median Sold Price

$338,750

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,750(-2.2%)

Key Takeaway

Homes in Monroe Township have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Monroe Township was $338,750 in October 2024, down 2.2% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $175K$235K
+34.3%
3 $265K$297K
+12.1%
4 $409K$389.5K
-4.8%
5+ $409.9K$420K
+2.5%

Summary: Monroe Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Perry Township
+28.3%
Monroe Township
-2.2%

Housing Supply in Monroe Township, OH

How many homes are available in Monroe Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1922+15.8%

Summary: The Monroe Township real estate market had 22 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 79
+28.6%
4 98
-11.1%
5+ 33
0.0%

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 increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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 October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Monroe Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
63 Days53 Days-15.9%

Summary: Homes in Monroe Township had an average of 53 days on market in Oct 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 October 2024, 5 homes were sold in Monroe Township; 0% of homes were sold within 30 days, 40% 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 12 Days Ago

Newest Listings in Monroe Township, OH

Nearby Markets to Monroe Township, OH