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

CityMedian Est. ValueCityMedian 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

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Housing Market Summary for Monroe County, MI

Mar 2023February 2024Change
Median Listing Price$185.9K$218.3K17.43%
Median Sold Price$208.2K$218.3K4.87%
Homes For Sale231207-10.39%
Homes Sold1,9291,582-17.99%
Price
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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%.

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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.

Foreclosure
There are 17 cities within Monroe County, MI; within these cities, the median estimated home value for homes in foreclosure ranges from $422,290 in Monroe to the lowest value of $31,566 in Monroe. Foreclosure homes account for 0.00% of properties in Monroe County, MI with Monroe containing 29 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    Monroe 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.39% of residential properties in Monroe County, MI with Monroe containing 121 homes for sale, the highest number of listed properties in a single city. There are 17 cities within Monroe County, MI; homes for sale in those cities, have a range of median values from $523,268 in Maybee to the lowest value of $29,900 in Monroe.
    Sold Homes
    The median value for recently sold homes ranges from $224,888 in Samaria to the lowest price of $19,954 in Samaria. There are 17 cities within Monroe County, MI. Monroe has 565 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.64% of properties in Monroe County, MI.

      Compare Nearby Cities

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      Guide for Monroe County, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Market Reports
      Rochester Real Estate: A Year of Growth and Potential
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Rochester Real Estate: A Year of Growth and Potential
      Market Reports|posted 13 March 2024

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move