Is Monroe Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monroe Township has remained a Seller's Market.
Housing Prices in Monroe Township, PA
How much do homes in Monroe Township, PA cost?
Median Sold Price
$400,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe Township was $400,000 in April 2024, up 6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $175K | -14.6% |
3 Bedrooms | $340K | $325K | -4.4% |
4 Bedrooms | $385K | $437.5K | +13.6% |
5+ Bedrooms | $650K | $477.5K | -26.5% |
Summary: Monroe Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Cities
Mechanicsburg | $321K | $359.9K | +12.1% |
Upper Allen Township | $322.1K | $344.4K | +6.9% |
Monroe Township | $377.5K | $400K | +6.0% |
Carroll Township | $415K | $419K | +1.0% |
Boiling Springs | $387K | $388.5K | 0.4% |
Housing Supply in Monroe Township, PA
How many homes are available in Monroe Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Summary: The Monroe Township real estate market had 18 homes for sale in April 2024, a 38.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Monroe Township 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Monroe Township in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe Township, PA
How long does it take to sell a home in Monroe Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 53 Days | +42.3% |
Summary: Homes in Monroe Township had an average of 53 days on market in Apr 2024, up by 42.3% compared to last year.
Breakdown of Home Sale Times
3 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, 5 homes were sold in Monroe Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.