Monroe County Housing Market Report December 2024•Monroe County, Georgia

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Housing Prices in Monroe County, GA

How much do homes in Monroe County, GA cost?

Housing Market Conditions

Is Monroe County, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Monroe County is a Seller's Market

Difference Since December 2023

Since last year, Monroe County has remained a Seller's Market.

Insight

Monroe County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$350,000$154/SqFt
-$14,900
-4.1%

Based on all homes sold in the last 12 months

Insight

Homes in Monroe County have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Monroe County was $350,000 in December 2024, down 4.1% from last year, and the median price per square foot was $154.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Jasper County
+11.2%
Lamar County
+8.6%
Butts County
+2.0%
Monroe County
-4.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1-$150K
N/A
2$379.3K$225K
-40.7%
3$249.9K$256.6K
+2.7%
4$372.9K$400K
+7.3%
5$449.9K$509.9K
+13.3%

Summary: Monroe County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -40.7%. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes increased by +7.3%. The home price for 5 bedroom homes increased by +13.3%.

Housing supply in Monroe County, GA

How many homes are available in Monroe County, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
84Last MonthDec 2024
952 months agoNov 2024
-11.6 %
Change MoMNov – Dec

Summary: The Monroe County real estate market had 84 homes for sale in Dec 2024, a 11.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
20Last MonthDec 2024
222 months agoNov 2024
-9.1 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
122
0.0%
255
0.0%
32317
-26.1%
43735
-5.4%
52825
-10.7%

Summary: Monroe County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -26.1%. The inventory for 4 bedroom homes decreased by -5.4%. The inventory for 5 bedroom homes decreased by -10.7%.

Asking Price vs. Sold Price

How much do homes in Monroe County, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price5 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in Monroe County, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Monroe County in December 2024, down by 9.1% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and and 11% were sold over asking.

Days on Market for Monroe County, GA

How long does it take to sell a home in Monroe County, GA?

Breakdown of Home Sale Times

Under 30 Days11 Homes

30 – 90 Days4 Homes

Over 90 Days5 Homes

Insight

Many homes in Monroe County are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 20 homes were sold in Monroe County; 55% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
56 DaysThis YearDec 2024
29 Days1 year agoDec 2023
+94.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Monroe County had an average listing age of 56 days in Dec 2024, up by 94.4% compared to the previous year.

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Newest Listings in Monroe County, GA

What homes are available in Monroe County, GA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Georgia MLS, First Multiple Listing Service Inc., Central Georgia MLS, Milledgeville Multiple Listing Service, and Highlands Cashiers MLS for the period 01/01/2023 - 01/01/2025

IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
© 2025 Central Georgia MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Milledgeville Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.