Is Monroe, MI 48161 a buyer’s or seller’s market?

The Monroe housing market right now

In the three months ending August 31, 2026, 34% of homes in Monroe, MI 48161 sold above their list price, the typical home went under contract in 35 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 29%, homes sold more slowly (32 days then) and the median sale price held steady to $215,907. Overall, Monroe is more competitive than a year ago, so tougher for buyers.

Within Monroe County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Monroe ranks #326 of 510 MI ZIP codes with enough sales (score 55 out of 100).

Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking), while Ida 48140 (60% sold over asking) and Ottawa Lake 49267 (60% sold over asking) are even more competitive.