Photo: Billwhittaker at English Wikipedia · CC BY-SA 3.032 homes sold in Monroe in the last year, at a typical $243K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Monroe homes are listed.
Every place Monroe homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Monroe.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Monroe’s sales, at a typical $243K
32 homes sold in the year to May 2026.
typical sale · 32 sold in 12 months
- Per square foot
- $169IA $158
- Days to sell
- 36
- Sold over asking
- 19%
- Listings with a price cut
- 37%
About as many homes sell as usual, at twice the 2016 price
32 sales in the last year, against 48 in 2020 and a low of 20 in 2014. The typical sale went from $116K in 2016 to $243K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Monroe
Check a listing against what Monroe homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Monroe are rarer than before the pandemic, with about as many homes for sale
We read every month of Monroe’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 32 sales.
If you’re buying in Monroe
- Shop in June. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- You can negotiate. 36% of listings have cut their price, against 19% before the pandemic.
- Offer under asking. Buyers paid 97.1% of the list price on average; 19% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 36 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 5 a month), but April is the most competitive: 43% of April sales close over asking. August has the least competition (12%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Iowa as a whole
| Monroe now | 2017–19 | 2021 peak | IA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 19% | 29% | 48% | 22% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 20% | 26% | 36% |
| Listings with a price cutShare of homes for sale that cut their price | 36% | 19% | 33% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 97.1% | 98.2% | 101.6% | 97.7% |
| Days to sellMedian days from listing to contract | 36 | 122 | 62 | 45 |
10 homes for sale on a typical day
That’s 2.7 times the 2021 low (4), 12% more than in 2017–19 and well under 2015’s 17.
1 in 3 listings has cut its price
36% in the last year, against 19% in 2017–19 and 27% across Iowa. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Monroe home costs about $1,567 a month
Price: Monroe’s typical sale, last 12 months. Property tax at Monroe’s 1.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monroe is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. February has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $243K home, about $3,580 a year.
Taxes vs. neighborsSchools
The schools grade for Monroe, from test results, graduation and how much students grow.
Schools in MonroeCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Knoxville sells for less a square foot; Pella for far more
The busier markets within 25 miles of Monroe, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Newton | 253 | $192K | $166 | 23% | 48 |
| Pella | 167 | $348K | $244 | 10% | 43 |
| Knoxville | 118 | $201K | $152 | 20% | 36 |
| Colfax | 41 | $198K | $171 | 24% | 48 |
| Monroe | 32 | $243K | $169 | 19% | 36 |
| Prairie City | 32 | $284K | $202 | 25% | 35 |
| Mitchellville | 27 | $265K | $198 | 11% | 56 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Monroe, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monroe. People who follow the town see it, and so do people comparing Monroe with their own town. No commission, no listing fee.
Questions about buying a home in Monroe
What do homes sell for in Monroe, IA?
32 homes sold in the year to May 2026 at a typical $243K, $169 a square foot.
Is Monroe a buyer’s or seller’s market?
A seller’s market: 11 homes were for sale in May 2026 and 4 sold, about 2.8 months of supply. Buyers paid 97.1% of asking on average, and 36% of listings cut their price.
When is the best time to buy in Monroe?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monroe?
About 1.5% of a home’s value a year. On a $243K home that’s near $3,580.
Where can I see homes for sale in Monroe?
Zillow, Redfin, Realtor.com and Homes.com all carry Monroe’s MLS listings; the search links above open each one filtered to Monroe.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).