Monroe NC Real Estate Market--Year 2015 First Half
Monroe NC Real Estate Market Report—Year 2015 First Half
How did the Monroe NC real estate market fare in 2015 and how does it compare
with previous years? The tables below compare the Monroe
NC real estate market from 2008 through 2015. The results of the tables are
explained in the frequently asked questions that follow. Click here to
search Monroe NC
homes for sale.
How many homes sold in Monroe in the first half of 2015?
The first half of the 2015 market was strong with 204 single family
closings.
Were home prices up or down in 2015?
At $154,900, the median closed price was 9.6% higher than 2014 and the
highest since 2007.
How long were Monroe homes on the market in 2015?
Homes sold faster in Monroe in 2015. Median days on market this year is 87,
a 20% decrease from 2014.
What was the Monroe condominium and townhome market like in
2015?
Fourteen townhomes and condos sold in 2014 at a median closed price of
$148,000.
Were distressed sales a big factor in the 2015 market?
Monroe is still a good place to find foreclosures and short sales although
the numbers continue to decline. Distressed sales accounted for approximately
13% of the 2014 market.
Were there many new homes built in Monroe in 2015?
New home construction accounted for approximately 13% of all sales in the
first half of 2015.
What were the top selling neighborhoods in Monroe?
The top neighborhoods were St Johns Forest, Lexington Commons,
Glendalough, Colonial Village and Stewart Park.
Single Family Homes in Monroe NC
| Monroe Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Year 2011 |
Year 2012 |
Year 2013 |
Year 2014 |
Year 2015 First Half |
| Median Sales Price |
$141,500 |
$121,950 |
$128,000 |
$113,950 |
$106,750 |
$121,500 |
$140,000 |
$154,900 |
| Number of Homes Sold |
248 |
200 |
173 |
234 |
338 |
367 |
405 |
204 |
| Median Days on Market |
38 |
48 |
83 |
91 |
70 |
80 |
110 |
87 |
Source: Carolina Multiple Listing Service
Types of Closed Sales in Monroe NC
| Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
151 |
74% |
| New Construction |
27 |
13.2% |
| Foreclosure |
24 |
11.7% |
| Short Sales |
2 |
1.1% |
Source: Carolina Multiple Listing Service
Click here to see other Monroe
NC real estate market reports, both
updated and historical.
Search for homes in Monroe NC by clicking the links below.
Search results may include properties outside the City of Monroe.
$100,000-$300,000
$300,000-$500,000
$500,000-$750,000
$750,000+
Want to know more about real estate and living in Monroe
NC? Visit www.CarolinaSmallTownLiving.com.
Copyright 2015. Carol Fox. Monroe NC Real Estate Agent. Allen Tate
Realtors. *Monroe NC Real Estate Market Report—Year 2015 First
Half*