Monroe County, MI Home Values & Market Trends
The median home price in Monroe County, MI is $236,259.67. There were 2,280 home sales in Monroe County, MI over the past 12 months. The median residential Monroe County, MI home value for transactions over the previous year is $199,309.451. The number of current listings in Monroe County, MI is 222, and the percentage of properties for sale is 222.00%. The county has 70 foreclosures, 24 bank owned properties, 46 headed for auction, and 222 properties for sale.
Monroe County, MI Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Monroe | $ 181,772 $ 134/sqft | Erie | $ 180,500 $ 124/sqft |
Newport | $ 277,064 $ 151/sqft | Ottawa Lake | $ 260,529 $ 188/sqft |
Milan | $ 296,734 $ 168/sqft | La Salle | $ 285,897 $ 134/sqft |
Dundee | $ 250,697 $ 118/sqft | South Rockwood | $ 198,660 $ 153/sqft |
Temperance | $ 256,192 $ 158/sqft | Maybee | $ 444,618 $ 181/sqft |
Lambertville | $ 274,691 $ 163/sqft | Luna Pier | $ 249,900 $ 93/sqft |
Carleton | $ 269,155 $ 151/sqft | Samaria | $ -- $ -- |
Petersburg | $ 414,807 $ 193/sqft | Azalia | $ -- $ -- |
Ida | $ 357,471 $ 125/sqft |
Housing Market Summary for Monroe County, MI
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $185.9K | $218.3K | 17.43% |
Median Sold Price | $208.2K | $218.3K | 4.87% |
Homes For Sale | 231 | 207 | -10.39% |
Homes Sold | 1,929 | 1,582 | -17.99% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Monroe County, MI
Browse Homes in Monroe County, MI
Monroe County, MI home values range from $20,042 to $5,886,424. Maybee is the priciest city with a median listing home price of $437,400, and Erie is most affordable with average house prices of around $150,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Monroe County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 17 cities within Monroe County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Monroe County, MI ranges from the highest value of $1,344,496 in La Salle to the lowest value of $31,566 in Monroe. Bank owned homes and properties account for 0.04% of properties in Monroe County, MI. There are 17 cities within Monroe County, MI; Monroe containing 12 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsMonroe has 17 auction properties, the highest number of properties going to auction in a single city in the state of Monroe County, MI. Auction homes and other auction properties account for 0.08% of all properties in Monroe County, MI. There are 17 cities within Monroe County, MI; of those cities, the median estimated home value for homes going to auction ranges from $452,501 in Milan to the lowest value of $84,595 in Milan.
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More Real Estate Resources for Monroe County, MI
Guide for Monroe County, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move