$9,084 Closing Credit*
$765,000
1,776 SqFt
3 Beds
•1 Full Bath, 1 Partial
Barrett W. McGee, Listing Office: H.J. McGee Real Estate
Is Monroe, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Monroe has remained a Seller's Market.
Key Takeaway
Monroe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monroe, WA
How much do homes in Monroe, WA cost?
Median Sold Price
$774,165
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,166(+5.3%)
Key Takeaway
Homes in Monroe have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Monroe was $774,165 in November 2024, up 5.3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226.4K | $276.3K | +22.0% |
| 2 Bedrooms | $463.5K | $442.5K | -4.5% |
| 3 Bedrooms | $610K | $665K | +9.0% |
| 4 Bedrooms | $810K | $900K | +11.1% |
| 5+ Bedrooms | $849.9K | $864.4K | +1.7% |
Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Monroe, WA
How many homes are available in Monroe, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 125 | 109 | -12.8% |
Summary: The Monroe real estate market had 109 homes for sale in November 2024, a 12.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 56 | 51 | -8.9% |
| 4 Bedrooms | 46 | 36 | -21.7% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Monroe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Monroe in November 2024, the same as the previous month. Of the 37 sold homes, 43% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for Monroe, WA
How long does it take to sell a home in Monroe, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 28 Days | -4.3% |
Summary: Homes in Monroe had an average of 28 days on market in Nov 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Monroe; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.