Monroe, MI Real Estate Market Summary – September 8, 2026
In Monroe, MI, the overall market shows a total of 62 properties sold in the last month, equating to approximately 2 homes sold each day. The average living area for these homes is 1,701 square feet, and the average sale price stands at $251,751.
| Metric | 30 Days |
|---|---|
| Number Sold | 62 |
| Sold Per Day | 2.07 |
| Average SQFT | 1701 |
| Median Sales Price | $204,500 |
| Average Sales Price | $251,751 |
| Average Price Per SQFT | $153 |
| Average Days on Market | 19 |
| Average Year Built | 1964 |
Monroe, MI Single Family Home Analysis
For single-family homes in Monroe, there were 53 properties sold, averaging 1,745 square feet in size. The average sale price for these homes reached $264,429, with homes typically spending around 19 days on the market before selling.
| Metric | 30 Days |
|---|---|
| Number Sold | 53 |
| Sold Per Day | 1.77 |
| Average SQFT | 1745 |
| Median Sales Price | $209,000 |
| Average Sales Price | $264,429 |
| Average Price Per SQFT | $154 |
| Average Days on Market | 19 |
| Average Year Built | 1958 |
Monroe, MI Condo & Townhome Analysis
In the condo and townhome segment, 7 properties were sold with an average living area of 1,266 square feet. The average sale price for this segment was $194,124, and the homes spent an average of 25 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 7 |
| Sold Per Day | 1 every 4.29 days |
| Average SQFT | 1266 |
| Median Sales Price | $222,500 |
| Average Sales Price | $194,124 |
| Average Price Per SQFT | $164 |
| Average Days on Market | 20 |
| Average Year Built | 2007 |
Buyer & Seller Analysis
- The total of 62 homes sold in the last month indicates a steady market pace.
- Homes sold in an average of 19 days, suggesting reasonable market activity.
- The median sale price for homes in Monroe is $204,500.
- The state does not disclose sale prices for homes being actively listed.
Conclusion
Overall, Monroe’s real estate market is characterized by a variety of homes sold across different segments. The average prices and quick turnover suggest a dynamic environment for both buyers and sellers.