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Featured local agent — Monroe, IA
Sarah Mitchell
Compass Real Estate · Monroe, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monroe, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$276,813median sale price
How is the Monroe, IA housing market right now?
The median home sale price in Monroe, IA is $276,813, up 3.5% year-over-year. Homes sell in an average of 109 days with 11 active listings. The market is currently a balanced 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 Monroe a buyer's or seller's market?
Monroe, IA is currently a balanced market, based on 2.8 months of supply and homes selling in about 109 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
109
Average pace
Active listings
11
2.8 months supply
Sale-to-list
94.2%
Below asking
What does the Monroe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $276,813 |
| Median list price | $222,000 |
| Year-over-year price change | +3.5% |
| Average days on market | 109 days |
| Active inventory | 11 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 94.2% |
| Median price per sq ft | $152/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 4 |
| Listings with a price cut | 36.4% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Monroe by property type?
How the Monroe, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $276,813 | $152/sq ft | 4 | 109 days |
Source: Redfin · Updated monthly
The Monroe housing market is currently classified as a balanced market with a median sale price of $276,813. Prices have risen 3.5% compared to last year, with homes spending an average of 109 days on market, indicating 2.8 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Monroe
There are currently 11 homes listed for sale in Monroe, Iowa. The median listing price is $222K.
Active listings
11
Homes on market
Median list price
$222K
Avg. days on market
109
Days until sale
New this week
4
Newly listed
Who lives in Monroe?
Population
2,074
Median income
$81,488/yr
Median age
35.5 years
Owner-occupied
75.7%
College grads
19.4%
Avg commute
28.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Monroe?
Zillow home value
$266,823
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Monroe?
Monroe is a community of approximately 2K residents with a median age of 35.5 years.The median household income is $81,488, which reflects a relatively affluent area with strong earning potential. 19.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 75.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Monroe offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monroe?
2 schools tracked · 536 students
The largest public schools serving Monroe, IA 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.
PCM High School
Grades 9-12 · 344 students
Monroe Elementary School
Grades PK-3 · 192 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 Monroe, IA?
Want a head-to-head view? Compare Monroe side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Monroe?
The median home sale price in Monroe is $276,813, up 3.5% from last year.
How long do homes stay on market in Monroe?
Homes typically spend 109 days on market before going under contract.
What is the median income in Monroe?
The median household income is $81,488 per year.
Is Monroe a buyer's or seller's market?
With 2.8 months of supply, Monroe is currently a balanced market.
What is the Zillow home value estimate for Monroe?
The Zillow Home Value Index (ZHVI) for Monroe is $266,823, representing the typical home value in the area.
How much does a single-family home cost in Monroe?
The median single-family home price in Monroe, IA is $276,813 (about $152 per square foot).
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