Monroe Housing Market Soars: 9.7% Price Increase, Top 5 Luxury Homes Sold, and Migration Trends Unveiled

Monroe Housing Market Trends in November

In November 2023, Monroe home prices were up 9.7% compared to last year, selling for a median price of $375,840. On average, homes in Monroe sell after 46 days on the market compared to 51 days last year. There were 59 homes sold in November this year, up from 52 last year.

Monroe Migration & Relocation Trends

In Sep '23 - Nov '23, 27% of Monroe homebuyers searched to move out of Monroe, while 73% looked to stay within the metropolitan area.

Photo by Redfin

Where are people moving to Monroe from?

• Across the nation, 0.94% of homebuyers searched to move into Monroe from outside metros.
• New York homebuyers searched to move into Monroe more than any other metro followed by Washington and Los Angeles.

Where are people from Monroe moving to?

• 73% of Monroe homebuyers searched to stay within the Monroe metropolitan area.
• Myrtle Beach was the most popular destination among Monroe homebuyers followed by Asheville and Greenville.

Top 5 Most Expensive Homes Sold in Monroe in the Last Month

1. 1417 Crown Forest Ln, Monroe, NC, 28112

Photo by Redfin

• Sold on DEC 14, 2023 for $910,000
• 5 Beds, 5 Baths, 6120 Sq Ft
• Description: Custom-built estate with many features including laundry rooms on every floor, vaulted ceilings, two primary suites, and a fully equipped kitchen. Located in a private and peaceful cul-de-sac. More details here.

2. 724 Bruce Thomas Rd, Monroe, NC, 28112

Photo by Redfin

• Sold on DEC 1, 2023 for $675,000
• 0 Beds, 0 Baths, 0 Sq Ft
• Description: 14-acre property with a rustic barn, working well and septic system. The barn was previously an events venue and could be converted into a BarnDominium. The property also includes a pond. More details here.

3. 830 Lake Stone Dr, Monroe, NC, 28112

Photo by Redfin

• Sold on DEC 4, 2023 for $585,225
• 4 Beds, 2 Baths, 2537 Sq Ft
• Description: Custom-built brick ranch on over an acre in the waterfront community of Bridgewater. Features include an open floor plan, hardwood floors, a large eat-in kitchen, and a private main level primary suite. More details here.

4. 3605 Parkwood School Rd, Monroe, NC, 28112

Photo by Redfin

• Sold on DEC 6, 2023 for $562,157
• 3 Beds, 2 Baths, 2238 Sq Ft
• Description: Beautiful home on an acre with a covered front porch and back patio. Open concept living with primary bedroom on the main floor. Additional features include tile backsplash, tile shower in primary bath, and granite throughout. More details here.

5. 2004 Parrothead Dr, Monroe, NC, 28110

Photo by Redfin

• Sold on DEC 15, 2023 for $530,000
• 3 Beds, 3 Baths, 2316 Sq Ft
• Description: Custom built full brick ranch style home on a large wooded lot in Sabella Estates. Features include a large primary suite, LVP flooring, large kitchen island, covered porches, oversized garage, and an upstairs loft with a full bathroom. More details here.

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