Is Monroe, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Monroe was a Seller's Market.
Key Takeaway
Monroe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Monroe, GA
How much do homes in Monroe, GA cost?
Median Sold Price
$390,354
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Monroe have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Monroe was $390,354 in May 2024, down 1.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $241K | N/A |
| 2 Bedrooms | $225K | $190K | -15.6% |
| 3 Bedrooms | $309.9K | $325K | +4.8% |
| 4 Bedrooms | $428K | $427.7K | -0.1% |
| 5+ Bedrooms | $539.6K | $520K | -3.6% |
Summary: Monroe 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 decreased by 15.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Monroe, GA
How many homes are available in Monroe, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 370 | 368 | -0.5% |
Summary: The Monroe real estate market had 368 homes for sale in May 2024, a 0.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 156 | 158 | +1.3% |
| 4 Bedrooms | 149 | 140 | -6.0% |
| 5+ Bedrooms | 53 | 57 | +7.5% |
Summary: The Monroe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 61 | -28.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you may be able to get a good deal. 43.9% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Monroe in May 2024, down by 28.2% month-over-month. Of the 57 sold homes, 44% were sold under asking, 30% were sold at asking, and 26% were sold over asking.
Days on Market for Monroe, GA
How long does it take to sell a home in Monroe, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 50 Days | -10.2% |
Summary: Homes in Monroe had an average of 50 days on market in May 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Monroe are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in Monroe; 49% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.