Is Monroe, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, Monroe has remained a Neutral 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, OR

How much do homes in Monroe, OR cost?

Median Sold Price

$504,500

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$114,500(+29.4%)

Key Takeaway

Homes in Monroe have sold for 29.4% more than they did a year ago.

Summary: The median home sold price in Monroe was $504,500 in October 2024, up 29.4% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $320K$321K
0.3%
3 $382.4K$464K
+21.3%
4 $619.9K$515K
-16.9%
5+ $882.5K-
N/A

Summary: Monroe 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 0.3%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Southeast Benton
+31.5%
Monroe
+29.4%

Housing Supply in Monroe, OR

How many homes are available in Monroe, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1514-6.7%

Summary: The Monroe real estate market had 14 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 65
-16.7%
4 66
0.0%
5+ 22
0.0%

Summary: The Monroe 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 October 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

Oct 2023Oct 2024CHANGE
5 Days76 Days+1430.0%

Summary: Homes in Monroe had an average of 76 days on market in Oct 2024, up by 1430% 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 has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Monroe; 0% of homes were sold within 30 days, 100% 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 16 Days Ago

Newest Listings in Monroe, OR

Nearby Markets to Monroe, OR