Home Prices in Monroe WA for August 2017
Real estate market data for Monroe, Washington provided by Lee Gallaher of Keller Williams Realty Everett.
Call 425-438-1144 if you would like more detailed market information specific to your neighborhood.
Find out what your home in Monroe Washington is worth on our website.
Monroe Home Prices
We have seen several months of selling price increases in home prices in Monroe and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Monroe. Working with 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, and often they sell for more. 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 Monroe home on which you are making an offer. 
If you are interested in how much current inventory is on the market in Monroe you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently, in this area of Monroe, homes have a median time of 34 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 Monroe has multiple offers coming in on homes similar to what we saw back in 2007. 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.
Monroe Real Estate Report Summary
The median list price in August 2017 for single family homes in Monroe (98272) is $476,280. The list prices decreased from the previous month. The number of active listings in Monroe (98272) increased by 10.0% from the previous month. Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Find Homes for Sale in Monroe Washington
Visit my website to search for homes in Monroe or to be notified when Monroe homes come on the market. To find out what your home is worth in the current market email me or call 425-438-1144. Thank you for reading about Home Prices in Monroe WA for August 2017.
Keller Williams Everett | 1000 SE Everett Mall Way #201, | Everett | WA | 99503
Provided courtesy of Lee Gallaher
Hire a positive and proactive Team of Realtors to help you find your next home!
Call or text 425-438-1144 for information on Buyer's Representation Services
(NO COST TO HOMEBUYERS)
Search entire Northwest MLS for FREE at www.WesternWashingtonHomeValues.com/search
Get a FREE report on YOUR HOME's Value at www.WesternWashingtonHomeValues.com/sell
Like us on Facebook! Facebook.com/GallaherGroup
Thank you for reading about how to buy a house with a low down payment in WA
Comments (1)Subscribe to CommentsComment