Is Monroe, MI a buyer's market or a seller's market?
Monroe, MI is a seller's market right now. There are 276 homes for sale, and at the current pace of sales it would take about 2.0 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Monroe, MI sits at 2.0.
There are more buyers than homes for sale. Sellers have the edge. The typical home took 27 days to go under contract, and 45% of sales closed above the asking price.
The number of homes for sale is 10% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Monroe, MI area, through May 2026.
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More about the Monroe, MI market
- When is the best month to sell a house in Monroe, MI?
- How long does it take to sell a house in Monroe, MI?
- Do homes sell above asking price in Monroe, MI?
- Are home prices going up or down in Monroe, MI?
- How many homes are for sale in Monroe, MI?
- All Monroe, MI housing numbers
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Figures come from Redfin's published market data for the Monroe, MI area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.