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Featured local agent — Monroe, NY
Sarah Mitchell
Compass Real Estate · Monroe, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monroe, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$525,000median sale price
How is the Monroe, NY housing market right now?
The median home sale price in Monroe, NY is $525,000, down 14.6% year-over-year. Homes sell in an average of 77 days with 50 active listings. The market is currently a buyer'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 Monroe a buyer's or seller's market?
Monroe, NY is currently a buyer's market, based on 7.1 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
77
Average pace
Active listings
50
7.1 months supply
Sale-to-list
97.0%
Below asking
What does the Monroe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $525,000 |
| Median list price | $614,950 |
| Year-over-year price change | -14.6% |
| Average days on market | 77 days |
| Active inventory | 50 listings |
| Months of supply | 7.1 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $273/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 24 |
| Listings with a price cut | 34.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Monroe by property type?
How the Monroe, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $587,500 | $264/sq ft | 4 | 128 days |
| Condo / Co-op | $485,000 | $273/sq ft | 3 | 77 days |
| Townhouse | $405,000 | $269/sq ft | 1 | 36 days |
Source: Redfin · Updated monthly
The Monroe housing market is currently classified as a buyer's market with a median sale price of $525,000. Prices have fallen 14.6% compared to last year, with homes spending an average of 77 days on market, indicating 7.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Monroe
There are currently 50 homes listed for sale in Monroe, New York. The median listing price is $615K.
Active listings
50
Homes on market
Median list price
$615K
Avg. days on market
77
Days until sale
New this week
24
Newly listed
Who lives in Monroe?
Population
9,466
Median income
$110,806/yr
Median age
32.8 years
Owner-occupied
82.2%
College grads
39.7%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Monroe?
Zillow home value
$531,458
Zillow rent index
$3,054/mo
Price-to-rent ratio
14.5x
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Monroe?
Monroe is a community of approximately 9K residents with a median age of 32.8 years.The median household income is $110,806, which reflects a relatively affluent area with strong earning potential. 39.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Monroe offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monroe?
5 schools tracked · 1,714 students
The largest public schools serving Monroe, NY 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.
PINE TREE ELEMENTARY SCHOOL
Grades 2-5 · 744 students
NORTH MAIN STREET SCHOOL
Grades 2-5 · 541 students
GREENWOOD LAKE MIDDLE SCHOOL
Grades 4-8 · 256 students
KIRYAS JOEL VILLAGE SCHOOL
Grades K-8 · 161 students
KIRYA JOEL EARLY CHILDHOOD EDUCATIONAL CENTR
Grades PK-K · 12 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, NY?
Want a head-to-head view? Compare Monroe side-by-side with any other U.S. city using our market-comparison tool.
Is Monroe a good real estate investment market?
For investors evaluating Monroe, the price-to-rent ratio of 14.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 14.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Monroe's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Monroe's median home price.
Frequently asked questions
What is the average home price in Monroe?
The median home sale price in Monroe is $525,000, down 14.6% from last year.
How long do homes stay on market in Monroe?
Homes typically spend 77 days on market before going under contract.
What is the median income in Monroe?
The median household income is $110,806 per year.
Is Monroe a buyer's or seller's market?
With 7.1 months of supply, Monroe is currently a buyer's market.
What is the Zillow home value estimate for Monroe?
The Zillow Home Value Index (ZHVI) for Monroe is $531,458, representing the typical home value in the area.
What is the median condo price in Monroe?
The median condo/co-op sale price in Monroe, NY is $485,000, compared to $587,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Monroe?
The median single-family home price in Monroe, NY is $587,500 (about $264 per square foot).
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