$8,419 Closing Credit*
$709,000
1,476 SqFt
3 Beds
•1 Full Bath, 1 Partial
Alexis Owenby, Listing Office: eXp Realty
Is Monroe, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$785,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$65,000(+9.0%)
Key Takeaway
Homes in Monroe have sold for 9% more than they did a year ago.
Summary: The median home sold price in Monroe was $785,000 in October 2024, up 9% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226.4K | $259.9K | +14.8% |
| 2 Bedrooms | $463.5K | $470K | +1.4% |
| 3 Bedrooms | $600K | $657.5K | +9.6% |
| 4 Bedrooms | $809.5K | $903.9K | +11.7% |
| 5+ Bedrooms | $857.4K | $850K | -0.9% |
Summary: Monroe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in Monroe, WA
How many homes are available in Monroe, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 115 | 128 | +11.3% |
Summary: The Monroe real estate market had 128 homes for sale in October 2024, a 11.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 44 | 61 | +38.6% |
| 4 Bedrooms | 48 | 45 | -6.3% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Monroe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 38.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Monroe in October 2024, up by 43.5% month-over-month. Of the 33 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 19 Days | +9.9% |
Summary: Homes in Monroe had an average of 19 days on market in Oct 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 33 homes were sold in Monroe; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% 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.