Photo: Beckycafferylepage · CC BY-SA 4.0763 homes sold in Monroe in the last year, at a typical $387K
About one sale in 6 is a condo. 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.
1% of Monroe’s sales are condos, at $192K less than a house
628 houses and 10 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 628 sold in 12 months
- Per square foot
- $186NC $207
- Days to sell
- 66
- Sold over asking
- 14%
- Listings with a price cut
- 31%
typical sale · 10 sold in 12 months
- Per square foot
- $216NC $275
- Days to sell
- 81
- Sold over asking
- 0%
- Listings with a price cut
- 36%
Multi-family (2–4 units): 2 sold, typical $458K
Townhouses: 123 sold, typical $323K
Too few sales in 12 months for reliable figures.
More homes sell than most years, at 2.3 times the 2016 price
763 sales in the last year, against 798 in 2021 and a low of 413 in 2013. The typical sale went from $168K in 2016 to $387K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K 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, and more homes are for sale
We read every month of Monroe’s home sales since 2013 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, 763 sales.
If you’re buying in Monroe
- Shop in March. It brings about 68 new listings a month, close to the busiest month, with fewer bidding wars (25% over asking).
- You can negotiate. 31% of listings have cut their price, against 17% before the pandemic.
- Bid near asking. Buyers paid 98.2% of the list price on average; 13% paid over.
Summer brings the homes; spring brings the bidding wars
July has the most new listings (about 71 a month), but May is the most competitive: 31% of May sales close over asking. March and April offer nearly as much choice with fewer homes bid up (25%). January has the least competition (20%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like North Carolina as a whole
| Monroe now | 2017–19 | 2021 peak | NC now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 29% | 48% | 17% |
| Gone within two weeksShare of homes under contract within 14 days | — | — | — | 30% |
| Listings with a price cutShare of homes for sale that cut their price | 31% | 17% | 10% | 27% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 98.1% | 101% | 97.8% |
| Days to sellMedian days from listing to contract | 67 | 54 | 31 | 62 |
224 homes for sale on a typical day
That’s 2.3 times the 2022 low (98) and 80% more than in 2017–19.
1 in 3 listings has cut its price
31% in the last year, against 17% in 2017–19 and 27% across North Carolina. More sellers are pricing high and coming down.
Houses and condos, year by year
A house typically sold for $404K in the last year (628 sales), a condo for $212K (10).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Monroe ranks 137th of 224 busy North Carolina 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 2013 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 $2,227 a month
Price: Monroe’s typical sale, last 12 months. Property tax at Monroe’s 0.7% (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 July
The month with the most choice. December has the fewest, about 36.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $387K home, about $2,500 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.
Wingate sells for less a square foot; Unionville and Wesley Chapel 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 | |
|---|---|---|---|---|---|
| Indian Trail | 780 | $462K | $199 | 16% | 65 |
| Monroe | 763 | $387K | $190 | 13% | 67 |
| Wesley Chapel | 103 | $691K | $249 | 15% | 74 |
| Wingate | 73 | $316K | $165 | 12% | 119 |
| Lake Park | 53 | $368K | $207 | 26% | 64 |
| Unionville | 45 | $508K | $241 | 13% | 76 |
| Mineral Springs | 28 | $577K | $235 | 21% | 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, 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, NC?
763 homes sold in the year to May 2026 at a typical $387K, $190 a square foot. Houses sold for about $404K, condos for about $212K.
Is Monroe a buyer’s or seller’s market?
A seller’s market: 252 homes were for sale in May 2026 and 66 sold, about 3.8 months of supply. Buyers paid 98.2% of asking on average, and 31% of listings cut their price.
When is the best time to buy in Monroe?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monroe?
About 0.7% of a home’s value a year. On a $387K home that’s near $2,500.
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).