Is Monroe Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, OH
How much do homes in Monroe Township, OH cost?
Median Sold Price
$305,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Monroe Township was $305,000 in May 2024, up 3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $149.9K | $166K | +10.8% |
3 Bedrooms | $250K | $265K | +6.0% |
4 Bedrooms | $379.9K | $370K | -2.6% |
5+ Bedrooms | $413K | $535K | +29.5% |
Summary: Monroe Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 29.5%.
Median Sold Price Compared To Nearby Cities
Vandalia | $215K | $225K | +4.7% |
Butler Township | $260K | $270K | +3.8% |
Monroe Township | $295.9K | $305K | +3.0% |
Tipp City | $345.5K | $350K | +1.3% |
Bethel Township | $285K | $249K | -12.6% |
Housing Supply in Monroe Township, OH
How many homes are available in Monroe Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Summary: The Monroe Township real estate market had 62 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 38 | 32 | -15.8% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Monroe Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Monroe Township in May 2024, the same as the previous month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Monroe Township, OH
How long does it take to sell a home in Monroe Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 86 Days | +43.1% |
Summary: Homes in Monroe Township had an average of 86 days on market in May 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Monroe Township; 6% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.