Home Prices in West Monroe (71291) for January 2017

Home Prices in West Monroe (71291) for January 2017

West Monroe Home Prices

This is the first month in 2017 of listing prices on home prices in West Monroe . If you are considering buying a home you can still find deals on a house in West Monroe but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the West Monroe home on which you are making an offer.

If you are interested in how much current inventory is on the market in West Monroe you can find that information by clicking here. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of West Monroe, homes have a median time of 81 days on the market before they sell. This would suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in West Monroe has multiple offers coming in on homes similar to what we saw back in 2016. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 

West Monroe Real Estate Report Summary

The median list price in January for single family homes in West Monroe (71291)is $217,860. The percent of unoccupied properties is very low in West Monroe(71291). It is -8.63%  below the national average. The percent of rental properties in West Monroe is 13.43% above the national average which is typical for urban areas. 

Find Homes for Sale in West Monroe LA

Visit my website to search for homes in West Monroe or to be notified when West Monroe homes come on the market.

To find out what your home is worth in the current market email me or call 318-355-8698.