Is Monroe County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Monroe County was a Buyer's Market.
Housing Prices in Monroe County, IN
How much do homes in Monroe County, IN cost?
Median Sold Price
$345,000
$189/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Monroe County was $345,000 in April 2024, up 19.7% from last month, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $229K | +23.8% |
3 Bedrooms | $382.5K | $329K | -14.0% |
4 Bedrooms | $304K | $419.5K | +38.0% |
5+ Bedrooms | - | $760K | N/A |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 38%, and 5+ bedroom homes did not change.
Housing Supply in Monroe County, IN
How many homes are available in Monroe County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
196 | 321 | +63.8% |
Summary: The Monroe County real estate market had 321 homes for sale in April 2024, a 63.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 36 | 57 | +58.3% |
3 Bedrooms | 83 | 140 | +68.7% |
4 Bedrooms | 57 | 93 | +63.2% |
5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The Monroe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 68.7%, 4 bedroom homes increased by 63.2%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 59 | +268.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Monroe County in April 2024, up by 268.8% month-over-month. Of the 59 sold homes, 42% were sold under asking, 41% were sold at asking, and 17% were sold over asking.
Days on Market for Monroe County, IN
How long does it take to sell a home in Monroe County, IN?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -13.5% |
Summary: Homes in Monroe County had an average of 30 days on market in Apr 2024, down by 13.5% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in Monroe County; 17% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.