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Featured local agent — South Monroe, MI
Sarah Mitchell
Compass Real Estate · South Monroe, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Monroe, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,000median sale price
How is the South Monroe, MI housing market right now?
The median home sale price in South Monroe, MI is $325,000, up 20.4% year-over-year. Homes sell in an average of 9 days with 9 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 South Monroe a buyer's or seller's market?
South Monroe, MI is currently a seller's market, based on 3.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
9
Fast-moving
Active listings
9
3.0 months supply
Sale-to-list
100.5%
Above asking
What does the South Monroe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $284,900 |
| Year-over-year price change | +20.4% |
| Average days on market | 9 days |
| Active inventory | 9 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 7 |
| Listings with a price cut | 22.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in South Monroe by property type?
How the South Monroe, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $325,000 | $195/sq ft | 3 | 9 days |
| Condo / Co-op | $234,900 | $148/sq ft | 2 | 1 days |
Source: Redfin · Updated monthly
The South Monroe housing market is currently classified as a seller's market with a median sale price of $325,000. Prices have risen 20.4% compared to last year, with homes spending an average of 9 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in South Monroe
There are currently 9 homes listed for sale in South Monroe, Michigan. The median listing price is $285K.
Active listings
9
Homes on market
Median list price
$285K
Avg. days on market
9
Days until sale
New this week
7
Newly listed
Who lives in South Monroe?
Population
6,771
Median income
$59,674/yr
Median age
46.6 years
Owner-occupied
69.2%
College grads
16.5%
Avg commute
20.3 min
Source: U.S. Census Bureau ACS
What is it like to live in South Monroe?
South Monroe is a community of approximately 7K residents with a median age of 46.6 years.The median household income is $59,674, which represents a working-class community with solid middle-income opportunities. 16.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, South Monroe offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near South Monroe, MI?
Want a head-to-head view? Compare South 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 South Monroe?
The median home sale price in South Monroe is $325,000, up 20.4% from last year.
How long do homes stay on market in South Monroe?
Homes typically spend 9 days on market before going under contract.
What is the median income in South Monroe?
The median household income is $59,674 per year.
Is South Monroe a buyer's or seller's market?
With 3.0 months of supply, South Monroe is currently a seller's market.
What is the median condo price in South Monroe?
The median condo/co-op sale price in South Monroe, MI is $234,900, compared to $325,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in South Monroe?
The median single-family home price in South Monroe, MI is $325,000 (about $195 per square foot).
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