An analysis of data from Realtor.com shows that the average price of a home in Monroe County was $294,900 in August, down 1.5% from the previous month’s price of $304,900.
Compared to August 2023, the average asking price for a home increased by 2% to $289,250.
The statistics in this article only pertain to homes for sale in Monroe County, not homes that have sold. Information about your local housing market, along with other useful community data, is available at data.monroenews.com.
The average home in Monroe County was 1,739 square feet, and listed for $176 per square foot. The price per square foot of homes for sale has increased by 1% since August 2023.
Listings in Monroe County moved quickly, with a median of 33 days listed compared to the national August median of 53 days on the market. In the previous month, homes had a median of 27 days on the market. About 164 homes were newly listed in August, a 4.7% decrease from 172 new listings in August 2023.
The median home prices that Realtor.com publishes may exclude many or even most homes in a market. The price and volume represent only single-family homes, condos, or townhomes. They include existing homes but exclude most new construction, as well as pending and contingent sales.
In Michigan, the median home price was $299,900, down slightly from July. The median home for sale in Michigan was 1,632 square feet, priced at $181 per square foot.
In the United States, the median price of a home was $429,990, down slightly from the previous month. The median U.S. home for sale was 1,853 square feet, with a price of $228 per square foot.
The median list price used in this report represents the midpoint of all homes or units listed for sale during the given time period. Experts say the median provides a more accurate picture of what is happening in a market than the average list price, which would be the sum of all list prices and then divide it by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated using data from Realtor.com. Leave feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on The Monroe News: Homes for sale in Monroe County asked less in August – see the current median price here
