$8,906 Closing Credit*
$750,000
3,342 SqFt
5 Beds
•2 Full Baths
Joshua White, Listing Office: Windermere RE Lane County
Is Monroe, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monroe has remained a Buyer's Market.
Key Takeaway
Monroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monroe, OR
How much do homes in Monroe, OR cost?
Median Sold Price
$459,500
$289/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$55,500(-10.8%)
Key Takeaway
Homes in Monroe have sold for 10.8% less than they did a month ago.
Summary: The median home sold price in Monroe was $459,500 in August 2024, down 10.8% from last month, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $515K | $420K | -18.4% |
| 4 Bedrooms | - | $499K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Monroe housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Monroe | $515K | $459.5K | -10.8% |
| Southeast Benton | $600K | $459.5K | -23.4% |
Housing Supply in Monroe, OR
How many homes are available in Monroe, OR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Summary: The Monroe real estate market had 15 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Monroe housing inventory by bedroom type for August 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were 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 August 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Monroe, OR
How long does it take to sell a home in Monroe, OR?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 Days | 95 Days | +768.2% |
Summary: Homes in Monroe had an average of 95 days on market in Aug 2024, up by 768.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monroe has remained consistent over time.
Summary: During August 2024, 2 homes were sold in Monroe; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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