Maurice Barnes' Market Report

Monroe, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Monroe, NC

Sat Mar 02 2024
This week the median list price for Monroe, NC is $431,990 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 123. Click here to stay informed with the Monroe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Monroe, NC

Sat Mar 02 2024
This week the median list price for Monroe, NC is $431,990 with the market action index hovering around 45. This is an increase over last month's market action index of 42. Inventory has decreased to 123. Click here to stay informed with the Monroe market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Monroe market.
Median List Price $431,990
Median Price of New Listings $397,000
Per Square Foot $211
Average Days on Market 78
Median Days on Market 49
Price Decreased 37%
Price Increased 17%
Relisted 5%
Inventory 123
Median Rent
Market Action 45
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$699,500 3,190 2.5 - 5 acres 4 3 23 4 5 101
$485,000 2,412 1 - 2.5 acres 4 2.5 2 3 8 49
$409,990 2,241 8,000 - 10,000 sqft 4 2.5 1 6 7 35
$329,000 1,560 0.5 - 1 acre 3 2 40 8 12 49