Is Monroe County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Monroe County has remained a Seller's Market.
Housing Prices in Monroe County, GA
How much do homes in Monroe County, GA cost?
Median Sold Price
$356,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Monroe County was $356,000 in April 2024, up 2.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $120K | N/A |
2 Bedrooms | $107.5K | $215.5K | +100.5% |
3 Bedrooms | $261.9K | $248.2K | -5.2% |
4 Bedrooms | $349.9K | $370K | +5.7% |
5+ Bedrooms | $561.9K | $449.9K | -19.9% |
Summary: Monroe County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Counties
Jones County | $248.9K | $300.2K | +20.6% |
Lamar County | $241.4K | $253K | +4.8% |
Jasper County | $290K | $298.9K | +3.1% |
Monroe County | $348.2K | $356K | +2.2% |
Butts County | $275K | $280K | +1.8% |
Housing Supply in Monroe County, GA
How many homes are available in Monroe County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 85 | -10.5% |
Summary: The Monroe County real estate market had 85 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 22 | 12 | -45.5% |
4 Bedrooms | 43 | 43 | 0.0% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Monroe County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Monroe County in April 2024, down by 8.7% month-over-month. Of the 20 sold homes, 35% were sold under asking, 45% were sold at asking, and 20% were sold over asking.
Days on Market for Monroe County, GA
How long does it take to sell a home in Monroe County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 60 Days | -8.2% |
Summary: Homes in Monroe County had an average of 60 days on market in Apr 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Monroe County; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.