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Featured local agent — Monroe, WA
Sarah Mitchell
Compass Real Estate · Monroe, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monroe, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$712,500median sale price
How is the Monroe, WA housing market right now?
The median home sale price in Monroe, WA is $712,500, down 14.1% year-over-year. Homes sell in an average of 15 days with 49 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 Monroe a buyer's or seller's market?
Monroe, WA is currently a seller's market, based on 2.7 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
15
Fast-moving
Active listings
49
2.7 months supply
Sale-to-list
99.6%
Below asking
What does the Monroe housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $712,500 |
| Median list price | $710,000 |
| Year-over-year price change | -14.1% |
| Average days on market | 15 days |
| Active inventory | 49 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $335/sq ft |
| Homes sold (latest month) | 18 |
| New listings (latest month) | 37 |
| Listings with a price cut | 38.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Monroe by property type?
How the Monroe, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $850,000 | $333/sq ft | 13 | 43 days |
| Condo / Co-op | $360,000 | $358/sq ft | 3 | 5 days |
| Townhouse | $430,000 | $326/sq ft | 2 | 41 days |
Source: Redfin · Updated monthly
The Monroe housing market is currently classified as a seller's market with a median sale price of $712,500. Prices have fallen 14.1% compared to last year, with homes spending an average of 15 days on market, indicating 2.7 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 6.8x provides context for how home values compare to local earning capacity.
Homes for sale in Monroe
There are currently 49 homes listed for sale in Monroe, Washington. The median listing price is $710K.
Active listings
49
Homes on market
Median list price
$710K
Avg. days on market
15
Days until sale
New this week
37
Newly listed
Who lives in Monroe?
Population
19,696
Median income
$107,556/yr
Median age
35.1 years
Owner-occupied
70.7%
College grads
26.7%
Avg commute
29.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Monroe?
Zillow home value
$727,153
Zillow rent index
$2,377/mo
Price-to-rent ratio
25.5x
Price-to-income
6.8x
Source: Zillow Research
What is it like to live in Monroe?
Monroe is a community of approximately 20K residents with a median age of 35.1 years.The median household income is $107,556, which reflects a relatively affluent area with strong earning potential. 26.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.2 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?
9 schools tracked · 4,629 students
The largest public schools serving Monroe, WA 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 9-12 · 1,491 students
Sky Valley Education Center
Grades K-12 · 887 students
Park Place Middle School
Grades 6-8 · 718 students
Frank Wagner Elementary
Grades PK-5 · 543 students
Salem Woods Elementary School
Grades PK-5 · 477 students
Fryelands Elementary
Grades PK-5 · 409 students
Leaders In Learning
Grades 9-12 · 48 students
Monroe Special Ed Preschool
Grades PK · 29 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, WA?
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 25.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 14.1% 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 $712,500, down 14.1% from last year.
How long do homes stay on market in Monroe?
Homes typically spend 15 days on market before going under contract.
What is the median income in Monroe?
The median household income is $107,556 per year.
Is Monroe a buyer's or seller's market?
With 2.7 months of supply, Monroe is currently a seller's market.
What is the Zillow home value estimate for Monroe?
The Zillow Home Value Index (ZHVI) for Monroe is $727,153, 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, WA is $360,000, compared to $850,000 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, WA is $850,000 (about $333 per square foot).
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