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Is Monroe, IN 46772 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 2.6 months of supply and 0% 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.

Months of supply2.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.4%Sold price ÷ list price
Median days on market35Listing to accepted offer
Median price per sq ft$130▼ −16.1% vs. last year

The Monroe housing market right now

In the three months ending August 31, 2026, 0% of homes in Monroe, IN 46772 sold above their list price, the typical home went under contract in 35 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (14 days then) and the median sale price rose 60% to $409,823. Overall, Monroe is less competitive than a year ago, which gives buyers more room.

Nearby, Decatur 46733 (30% sold over asking) is even more competitive.

Run the numbers for 46772

Prefilled for 46772Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46772Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Berne 46711Seller’s market $116 /sq ftDecatur 46733Seller’s market $133 /sq ftGeneva 46740Seller’s market $125 /sq ft Browse all markets →

Towns like Monroe nearby

Find towns like Monroe in other states →
Spencerville, IN46788 · 40 miles away81% similarpricier homes ($44K more) · newer homes Anna, OH45302 · 39 miles away75% similarolder residents · 8 min shorter commute Berne, IN46711 · 5 miles away74% similarcheaper homes ($68K less) · larger Geneva, IN46740 · 9 miles away74% similarcheaper homes ($83K less)

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 2.6 months of supply in Monroe, IN 46772 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 35 days in the latest three months.

Do homes in Monroe sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.

What are property taxes in Monroe?

About 0.77% of a home’s value a year in Adams County, or roughly $3,080 on a $400,000 home.

What is the median home price in Monroe?

The median sale price was $409,823 in the three months ending August 31, 2026, about $130 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