$7,005 Closing Credit*
$589,900
3,707 SqFt
4 Beds
•2 Full Baths, 1 Partial
#20-98906, STEVEN V SLOTTER, Listing Office: RE/MAX BRIDGES
Is Monroe Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Monroe Township was a Seller's Market.
Key Takeaway
Monroe Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monroe Township, PA
How much do homes in Monroe Township, PA cost?
Median Sold Price
$232,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-2.3%)
Key Takeaway
Homes in Monroe Township have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Monroe Township was $232,000 in November 2024, down 2.3% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $187.5K | $275K | +46.7% |
| 3 Bedrooms | $232.5K | $229K | -1.5% |
| 4 Bedrooms | $418.5K | $172.5K | -58.8% |
| 5+ Bedrooms | $312.4K | $345K | +10.4% |
Summary: Monroe Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 58.8%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Winfield | $310K | $312.7K | +0.9% |
| Monroe Township | $237.5K | $232K | -2.3% |
Housing Supply in Monroe Township, PA
How many homes are available in Monroe Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Monroe Township real estate market had 37 homes for sale in November 2024, a 8.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Monroe Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Monroe Township in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe Township, PA
How long does it take to sell a home in Monroe Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 116 Days | +190.0% |
Summary: Homes in Monroe Township had an average of 116 days on market in Nov 2024, up by 190% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Monroe Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Monroe Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
