Monroe NC Real Estate Market Report--Year 2010

Real Estate Agent with Allen Tate Company 704-905-3935 105804

Monroe NC Real Estate Market Report—Year 2010

How did the Monroe NC real estate market fare during 2010 and how did 2010 market activity compare with 2009 and 2008?

The tables below compare the Monroe NC real estate market for years 2008 through 2010. Monroe NC Courthouse 173 single family homes and 17 townhomes closed in Monroe in 2010.  The highest priced single family home sale was $392,500.  The highest priced townhome sale was $165,000.  Median days on the market jumped for both single family homes and townhomes.  The median list to sale ratio in 2010 was 96% for single family homes and 98% for townhomes.

Single Family Homes in Monroe NC

The median sales price in Monroe was up 4.9% from 2009 but down 9.5% from 2008.  The number of homes sold showed a decrease of 13.5% from 2008 to 2009 and a decrease of 30.2 % from 2008 to 2010.  Median days on the market were up 72% from 2009.

Monroe Single Family Homes Year 2008 Year 2009 Year 2010
Median Sales Price $141,500 $121,950 $128,000
Number of Homes Sold 248 200 173
Median Days on Market 38 48 83

Source:  Carolina Multiple Listing Service

Townhomes and Condominiums in Monroe NC

Monroe doesn’t have very many townhome or condominium complexes so there aren’t many units sold each year.  The number of townhomes sold in Monroe during 2010 increased slightly from 2009.  The median sales price in 2010 was up 27.6% from 2009.  This most likely reflect a large proportion of sales from one new construction complex.  Median days on the market increased substantially in 2010 again likely from the new construction complex.

Monroe Townhomes and Condos Year 2008 Year 2009 Year 2010
Median Sales Price $119,235 $123,740 $157,933
Number of Homes Sold 23 15 17
Median Days on Market 88 10 84

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Monroe NC

The most active Monroe NC neighborhoods in 2010 are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 and 2010 real estate activity and to search for current homes for sale.

Yorkshire Myers Meadows Historic District
Hamilton Place Gleneagles Colonial Village

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Monroe NC Real Estate Market Report—Year 2010*

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