Monroe Housing Market Report December 2024•Orange County, New York

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Housing Prices in Monroe, NY

How much do homes in Monroe, NY cost?

Housing Market Conditions

Is Monroe, NY 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 is a Seller's Market

Difference Since December 2023

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

Insight

Monroe 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.
$500,000$265/SqFt

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Monroe has remained the same since last year.

Summary: The median home sold price in Monroe was $500,000 in December 2024, the same as last year, and the median price per square foot was $265.

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
Monroe
0.0%
Harriman
-4.3%

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$202K$178.5K
-11.6%
2$265K$310K
+17.0%
3$450K$425K
-5.6%
4$625K$617K
-1.3%
5$650K$720K
+10.8%

Summary: Monroe housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -11.6%. The home price for 2 bedroom homes increased by +17.0%. The home price for 3 bedroom homes decreased by -5.6%. The home price for 4 bedroom homes decreased by -1.3%. The home price for 5 bedroom homes increased by +10.8%.

Housing supply in Monroe, NY

How many homes are available in Monroe, NY?

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
134Last MonthDec 2024
1572 months agoNov 2024
-14.6 %
Change MoMNov – Dec

Summary: The Monroe real estate market had 134 homes for sale in Dec 2024, a 14.6 % 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
27Last MonthDec 2024
282 months agoNov 2024
-3.6 %
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
144
0.0%
21215
+25.0%
36453
-17.2%
45338
-28.3%
52424
0.0%

Summary: Monroe 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 increased by +25.0%. The inventory for 3 bedroom homes decreased by -17.2%. The inventory for 4 bedroom homes decreased by -28.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Monroe, NY 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 Price7 Homes

At Asking Price5 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in Monroe, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Monroe in December 2024, down by 3.6% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and and 26% were sold over asking.

Days on Market for Monroe, NY

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

Breakdown of Home Sale Times

Under 30 Days8 Homes

30 – 90 Days14 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in Monroe has remained consistent over time.

Summary: During December 2024, 27 homes were sold in Monroe; 30% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 19% 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
63 DaysThis YearDec 2024
64 Days1 year agoDec 2023
-0.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Monroe had an average listing age of 63 days in Dec 2024, down by 0.9% compared to the previous year.

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Newest Listings in Monroe, NY

What homes are available in Monroe, NY?

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Nearby markets

Nearby markets aren't available for Monroe, NY

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, and New Jersey MLS for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/21/2025, 7:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/21/2025, 7:23:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.