Photo: WeaponizingArchitecture · CC BY-SA 4.0279 homes sold in Monroe in the last year, at a typical $196K
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.
5% of Monroe’s sales are condos, at $96K less than a house
248 houses and 14 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 248 sold in 12 months
- Per square foot
- $144MI $172
- Days to sell
- 34
- Sold over asking
- 40%
- Listings with a price cut
- 32%
typical sale · 14 sold in 12 months
- Per square foot
- $109MI $190
- Days to sell
- 35
- Sold over asking
- 14%
- Listings with a price cut
- 75%
Multi-family (2–4 units): 17 sold, typical $190K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.9 times the 2016 price
279 sales in the last year, against 416 in 2021 and a low of 249 in 2012. The typical sale went from $106K in 2016 to $196K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K 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 more common than before the pandemic, but 43% fewer homes come up 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, 279 sales.
If you’re buying in Monroe
- Shop in September. It brings about 35 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 29% of listings have cut their price, against 26% before the pandemic.
- Bid near asking. Buyers paid 98.9% of the list price on average; 36% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 34 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 41 a month), and the most competition: 36% close over asking. August and September offer nearly as much choice with fewer homes bid up (30%). February has the least competition (22%) but only about 24 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than Michigan
| Monroe now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 36% | 18% | 40% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 23% | 56% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | 26% | 27% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.9% | 96.3% | 99.4% | 98.4% |
| Days to sellMedian days from listing to contract | 34 | 59 | 26 | 33 |
53 homes for sale on a typical day
That’s 1.5 times the 2023 low (36), 43% fewer than in 2017–19 and well under 2013’s 144.
1 in 3 listings has cut its price
29% in the last year, against 26% in 2017–19 and 28% across Michigan.
Since 2019, houses are up 51%, condos -14%
A house typically sold for $201K in the last year (248 sales), a condo for $104K (14).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Monroe ranks 75th of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Monroe is in the middle of the pack.
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 $1,254 a month
Price: Monroe’s typical sale, last 12 months. Property tax at Monroe’s 1.4% (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 June
The month with the most choice. December has the fewest, about 16.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $196K home, about $2,770 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.
No busy market nearby sells for less a square foot
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 | |
|---|---|---|---|---|---|
| Monroe | 279 | $196K | $138 | 36% | 34 |
| South Monroe | 62 | $227K | $160 | 29% | 38 |
| Rockwood | 39 | $243K | $164 | 62% | 40 |
| Stony Point | 32 | $211K | $154 | 38% | 58 |
| Detroit Beach | 30 | $221K | $150 | 23% | 46 |
| Luna Pier | 22 | $212K | $158 | 27% | 74 |
| Woodland Beach | 21 | $174K | $150 | 43% | 45 |
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, MI?
279 homes sold in the year to May 2026 at a typical $196K, $138 a square foot. Houses sold for about $201K, condos for about $104K.
Is Monroe a buyer’s or seller’s market?
A seller’s market: 37 homes were for sale in May 2026 and 20 sold, about 1.9 months of supply. Buyers paid 98.9% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Monroe?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monroe?
About 1.4% of a home’s value a year. On a $196K home that’s near $2,770.
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).