Is Monroe, NY 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 has remained a Buyer's Market.
Key Takeaway
Monroe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 May 2023
Key Takeaway
Homes in Monroe have sold for 7% more than they did a year ago.
Summary: The median home sold price in Monroe was $500,000 in May 2024, up 7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $195K | +19.6% |
| 2 Bedrooms | $260K | $269.9K | +3.8% |
| 3 Bedrooms | $439K | $440K | 0.2% |
| 4 Bedrooms | $557.5K | $621K | +11.4% |
| 5+ Bedrooms | $700K | $605K | -13.6% |
Summary: Monroe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Harriman | $221K | $267.5K | +21.0% |
| Monroe | $467.5K | $500K | +7.0% |
Housing Supply in Monroe, NY
How many homes are available in Monroe, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 149 | 172 | +15.4% |
Summary: The Monroe real estate market had 172 homes for sale in May 2024, a 15.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 55 | 63 | +14.5% |
| 4 Bedrooms | 56 | 65 | +16.1% |
| 5+ Bedrooms | 13 | 20 | +53.8% |
Summary: The Monroe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 53.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monroe, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Monroe in May 2024, up by 11.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 97 Days | +138.2% |
Summary: Homes in Monroe had an average of 97 days on market in May 2024, up by 138.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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, 20 homes were sold in Monroe; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.