Is Monroe, NC 28110 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Monroe is a seller’s market. With about 3.9 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score33/ 100

More competitive than 30% of U.S. ZIP codes, and #194 of 424 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.9Under 4 months = seller’s market
Sold above original list13.3%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market57Listing to accepted offer
Median price per sq ft$205▲ +0.4% vs. last year

The Monroe housing market right now

In the three months ending August 31, 2026, 13% of homes in Monroe, NC 28110 sold above their list price, the typical home went under contract in 57 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 224 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold about as fast and the median sale price rose 4% to $404,820. Overall, Monroe is about as competitive as it was a year ago.

Within Union County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Monroe ranks #194 of 424 NC ZIP codes with enough sales (score 33 out of 100).

Nearby, buyers who want less competition could look at Monroe 28112 (10% sold over asking), while Matthews 28104 (26% sold over asking) and Indian Trail 28079 (17% sold over asking) are even more competitive.

Nearby markets

Indian Trail 28079Seller’s market $193 /sq ftMarshville 28103Balanced $237 /sq ftMatthews 28104Seller’s market $253 /sq ftMonroe 28112Balanced $200 /sq ft Browse all markets →

Where Monroe is

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Questions about Monroe real estate

Is Monroe a buyer’s or seller’s market?

A seller’s market: there were 3.9 months of supply in Monroe, NC 28110 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Monroe?

The typical home went under contract in 57 days in the latest three months.

Do homes in Monroe sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.

What are property taxes in Monroe?

About 0.57% of a home’s value a year in Union County, or roughly $2,280 on a $400,000 home.

What is the median home price in Monroe?

The median sale price was $404,820 in the three months ending August 31, 2026, about $205 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology