St. Jude's Episcopal Church · Photo: Sa magnuson33 · CC BY-SA 3.046 homes sold in Monroe City in the last year, at a typical $171K
Redfin reports Monroe City’s sales by ZIP code, so these figures are for ZIP 63456, which takes in Monroe City and the area around it. 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 City homes are listed.
Every place Monroe City 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 City.
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 80% of Monroe City’s sales, at a typical $179K
46 homes sold in the year to May 2026.
typical sale · 37 sold in 12 months
- Per square foot
- $134MO $163
- Days to sell
- 60
- Sold over asking
- 17%
Condos: 7 sold, typical $133K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 1.9 times the 2016 price
46 sales in the last year, against 52 in 2022 and a low of 27 in 2015. The typical sale went from $90K in 2016 to $171K.
Source: Redfin Data Center, MLS sales; for ZIP 63456, which takes in Monroe City and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Monroe City
Check a listing against what Monroe City 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 City are more common than before the pandemic, and more homes are for sale
We read every month of home sales in ZIP 63456 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, 46 sales.
If you’re buying in Monroe City
- Shop in May. It brings about 3 new listings a month, close to the busiest month, with fewer bidding wars (8% over asking).
- Offer under asking. Buyers paid 95.7% of the list price on average; 14% paid over.
- You’ll usually have time. Only 41% of homes go under contract within two weeks; the typical one takes 54 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 3 a month), but July is the most competitive: 13% of July sales close over asking. April has the least competition (3%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Missouri
| Monroe City now | 2017–19 | 2021 peak | MO now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 6% | 9% | 21% |
| Gone within two weeksShare of homes under contract within 14 days | 41% | 1% | 41% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 95.7% | 93.7% | 95.4% | 98% |
| Days to sellMedian days from listing to contract | 54 | 131 | 55 | 36 |
15 homes for sale on a typical day
That’s 10.4 times the 2020 low (1) and 350% more than in 2017–19.
Since 2019, houses are up 81%, condos 114%
A house typically sold for $179K in the last year (37 sales), a condo for $133K (7).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 63456, which takes in Monroe City and the area around it (each month is a 3-month rolling window, its counts divided by 3), 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 City home costs about $999 a month
Price: Monroe City’s typical sale, last 12 months. Property tax at Monroe City’s 0.8% (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 City is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
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 $171K home, about $1,280 a year.
Taxes vs. neighborsSchools
The schools grade for Monroe City, from test results, graduation and how much students grow.
Schools in Monroe CityTypical commute
The average one-way trip to work for people who live in Monroe City.
Work & commuteCheck 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.
Palmyra and Hannibal sell for less a square foot
The busier markets within 25 miles of Monroe City, 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 | |
|---|---|---|---|---|---|
| Hannibal | 221 | $165K | $105 | 17% | 54 |
| Monroe City (ZIP 63456) | 46 | $171K | $132 | 14% | 54 |
| Palmyra | 45 | $203K | $114 | 20% | 76 |
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 City, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monroe City. People who follow the town see it, and so do people comparing Monroe City with their own town. No commission, no listing fee.
Questions about buying a home in Monroe City
What do homes sell for in Monroe City, MO?
46 homes sold in the year to May 2026 at a typical $171K, $132 a square foot.
Is Monroe City a buyer’s or seller’s market?
A balanced market: 21 homes were for sale in May 2026 and 4 sold, about 4.9 months of supply. Buyers paid 95.7% of asking on average.
When is the best time to buy in Monroe City?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monroe City?
About 0.8% of a home’s value a year. On a $171K home that’s near $1,280.
Where can I see homes for sale in Monroe City?
Zillow, Redfin, Realtor.com and Homes.com all carry Monroe City’s MLS listings; the search links above open each one filtered to Monroe City.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 63456, which takes in Monroe City and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).