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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monroe is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, WI

How much do homes in Monroe, WI cost?

Median Sold Price

$314,950

$126/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$84,942(+36.9%)

Key Takeaway

Homes in Monroe have sold for 36.9% more than they did a month ago.

Summary: The median home sold price in Monroe was $314,950 in November 2024, up 36.9% from last month, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $85K-
N/A
2 $225K$130K
-42.2%
3 $275K$366.2K
+33.2%
4 $231.9K$305.6K
+31.8%
5+ --
N/A

Summary: Monroe housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.2%, 3 bedroom homes increased by 33.2%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monroe
+36.9%
Rome
+27.5%
Armenia
-86.9%

Housing Supply in Monroe, WI

How many homes are available in Monroe, WI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6760-10.4%

Summary: The Monroe real estate market had 60 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1715
-11.8%
3 2925
-13.8%
4 1616
0.0%
5+ 33
0.0%

Summary: The Monroe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Monroe in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Monroe, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Monroe, WI

Nearby Markets to Monroe, WI

What housing markets are near Monroe, WI?