Monroe, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Monroe, MI is $172,500, down 2.0% year-over-year. Homes sell in an average of 60 days with 46 active listings. The market is currently a balanced market.
$172,500median sale price
Is Monroe a buyer's or seller's market?
Monroe, MI is currently a balanced market, based on 2.4 months of supply and homes selling in about 60 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
60
Average pace
Active listings
46
2.4 months supply
Sale-to-list
98.4%
Below asking
Monroe, MI market data
| Metric | Value |
|---|---|
| Median sale price | $172,500 |
| Median list price | $192,778 |
| Year-over-year price change | -2.0% |
| Average days on market | 60 days |
| Active inventory | 46 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.4% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Monroe housing market is currently classified as a balanced market with a median sale price of $172,500. Prices have fallen 2.0% compared to last year, with homes spending an average of 60 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Monroe
There are currently 46 homes listed for sale in Monroe, Michigan. The median listing price is $193K.
Active listings
46
Homes on market
Median list price
$193K
Avg. days on market
60
Days until sale
New this week
26
Newly listed
Top public schools in Monroe
15 schools tracked · 6,320 students
The largest public schools serving Monroe, MI 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.
Monroe High School
Grades 8-12 · 1,295 students
Triumph Academy
Grades PK-8 · 771 students
Custer Elementary School
Grades PK-6 · 674 students
Monroe Middle School
Grades 6-8 · 661 students
Raisinville School
Grades PK-6 · 444 students
Manor Elementary School
Grades PK-6 · 411 students
Arborwood Elementary School
Grades PK-6 · 404 students
Jefferson Middle School
Grades 5-8 · 390 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Monroe?
The median home sale price in Monroe is $172,500, down 2.0% from last year.
How long do homes stay on market in Monroe?
Homes typically spend 60 days on market before going under contract.
Is Monroe a buyer's or seller's market?
With 2.4 months of supply, Monroe is currently a balanced market.
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