The Monroe housing market is very competitive. The median sale price of a home in Monroe was $325K last month, down 6.5% since last year. The median sale price per square foot in Monroe is $184, down 5.6% since last year.
In October 2024, Monroe home prices were down 6.5% compared to last year, selling for a median price of $325K. On average, homes in Monroe sell after 7 days on the market compared to 49 days last year. There were 7 homes sold in October this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$325,000
-6.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Monroe, MN
$325,000
-6.5%
United States
To compare other locations to the Monroe and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Brooklyn Park add value to a home.
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How hot is the Monroe housing market?
Monroe is very competitive. Homes sell in 10 days.
0
100
85
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 5% above list price and go pending in around 10 days.
Hot homes
can sell for about 9% above list price and go pending in around 5 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
100.9%
+0.9 pt YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Monroe housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Monroe.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Monroe has a minor risk of flooding. 8 properties in Monroe are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Monroe. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Monroe has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Monroe is most at risk from severe storms. 564 properties in Monroe have some risk of being in a severe wind event within the next 30 years.