$4,750 Closing Credit*
$400,000
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Keller Williams Northampton
Is Monroe County, PA 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monroe County, PA
How much do homes in Monroe County, PA cost?
Median Sold Price
$305,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.7%)
Key Takeaway
Homes in Monroe County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Monroe County was $305,000 in October 2024, up 1.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $135.5K | +8.4% |
| 2 Bedrooms | $200K | $215K | +7.5% |
| 3 Bedrooms | $275K | $287.1K | +4.4% |
| 4 Bedrooms | $360K | $359.6K | -0.1% |
| 5+ Bedrooms | $415K | $437.5K | +5.4% |
Summary: Monroe County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Counties
| Pike County | $234.9K | $300K | +27.7% |
| Carbon County | $226.9K | $236.1K | +4.1% |
| Monroe County | $300K | $305K | +1.7% |
Housing Supply in Monroe County, PA
How many homes are available in Monroe County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 437 | 440 | +0.7% |
Summary: The Monroe County real estate market had 440 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 40 | 33 | -17.5% |
| 3 Bedrooms | 218 | 214 | -1.8% |
| 4 Bedrooms | 123 | 131 | +6.5% |
| 5+ Bedrooms | 53 | 58 | +9.4% |
Summary: The Monroe County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 61 | -7.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe County, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Monroe County in October 2024, down by 7.6% month-over-month. Of the 61 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% were sold over asking.
Days on Market for Monroe County, PA
How long does it take to sell a home in Monroe County, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 41 Days | +41.7% |
Summary: Homes in Monroe County had an average of 41 days on market in Oct 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in Monroe County; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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