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Featured local agent — Monrovia, IN
Sarah Mitchell
Compass Real Estate · Monrovia, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monrovia, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$294,950median sale price
How is the Monrovia, IN housing market right now?
The median home sale price in Monrovia, IN is $294,950, down 9.8% year-over-year. Homes sell in an average of 32 days with 7 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Monrovia a buyer's or seller's market?
Monrovia, IN is currently a seller's market, based on 0.9 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
32
Average pace
Active listings
7
0.9 months supply
Sale-to-list
99.2%
Below asking
What does the Monrovia housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $294,950 |
| Median list price | $321,950 |
| Year-over-year price change | -9.8% |
| Average days on market | 32 days |
| Active inventory | 7 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $141/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 8 |
| Listings with a price cut | 57.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Monrovia by property type?
How the Monrovia, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $294,950 | $141/sq ft | 8 | 32 days |
Source: Redfin · Updated monthly
The Monrovia housing market is currently classified as a seller's market with a median sale price of $294,950. Prices have fallen 9.8% compared to last year, with homes spending an average of 32 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Monrovia
There are currently 7 homes listed for sale in Monrovia, Indiana. The median listing price is $322K.
Active listings
7
Homes on market
Median list price
$322K
Avg. days on market
32
Days until sale
New this week
8
Newly listed
Who lives in Monrovia?
Population
2,090
Median income
$91,375/yr
Median age
29.6 years
Owner-occupied
92.6%
College grads
21.3%
Avg commute
36.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Monrovia?
Zillow home value
$307,940
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Monrovia?
Monrovia is a community of approximately 2K residents with a median age of 29.6 years.The median household income is $91,375, which reflects a relatively affluent area with strong earning potential. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 92.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 36.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Monrovia offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monrovia?
3 schools tracked · 1,568 students
The largest public schools serving Monrovia, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Monrovia Elementary School
Grades PK-5 · 737 students
Monrovia High School
Grades 9-12 · 503 students
Monrovia Middle School
Grades 6-8 · 328 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Monrovia, IN?
Want a head-to-head view? Compare Monrovia side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Monrovia?
The median home sale price in Monrovia is $294,950, down 9.8% from last year.
How long do homes stay on market in Monrovia?
Homes typically spend 32 days on market before going under contract.
What is the median income in Monrovia?
The median household income is $91,375 per year.
Is Monrovia a buyer's or seller's market?
With 0.9 months of supply, Monrovia is currently a seller's market.
What is the Zillow home value estimate for Monrovia?
The Zillow Home Value Index (ZHVI) for Monrovia is $307,940, representing the typical home value in the area.
How much does a single-family home cost in Monrovia?
The median single-family home price in Monrovia, IN is $294,950 (about $141 per square foot).
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