Is Monroe, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Monroe was a Seller's Market.
Housing Prices in Monroe, NY
How much do homes in Monroe, NY cost?
Median Sold Price
$500,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe was $500,000 in April 2024, up 7.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $195K | +19.6% |
2 Bedrooms | $257K | $275K | +7.0% |
3 Bedrooms | $437K | $447.5K | +2.4% |
4 Bedrooms | $555K | $628K | +13.2% |
5+ Bedrooms | $715K | $580K | -18.9% |
Summary: Monroe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 18.9%.
Housing Supply in Monroe, NY
How many homes are available in Monroe, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
146 | 156 | +6.8% |
Summary: The Monroe real estate market had 156 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 24 | 21 | -12.5% |
3 Bedrooms | 55 | 55 | 0.0% |
4 Bedrooms | 45 | 57 | +26.7% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Monroe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 18 | -30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Monroe in April 2024, down by 30.8% month-over-month. Of the 18 sold homes, 44% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Monroe, NY
How long does it take to sell a home in Monroe, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 50 Days | +9.1% |
Summary: Homes in Monroe had an average of 50 days on market in Apr 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Monroe; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.