South Monroe, MI
Housing market overview · Updated weekly
$270,000median sale price
Homes sold
2
Last 12 weeks
Days on market
171
Average pace
Active listings
10
5.0 months supply
Sale-to-list
93.0%
Below asking
The South Monroe housing market is currently classified as a buyer's market with a median sale price of $270,000. Prices have risen 44.0% compared to last year, with homes spending an average of 171 days on market, indicating 5.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in South Monroe
There are currently 10 homes listed for sale in South Monroe, Michigan. The median listing price is $245K.
Active listings
10
Homes on market
Median list price
$245K
Avg. days on market
171
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in South Monroe?
The median home sale price in South Monroe is $270,000, up 44.0% from last year.
How long do homes stay on market in South Monroe?
Homes typically spend 171 days on market before going under contract.
Is South Monroe a buyer's or seller's market?
With 5.0 months of supply, South Monroe is currently a buyer's market.
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