Is Monroe, MI 48162 a buyer’s or seller’s market?

The Monroe housing market right now

In the three months ending August 31, 2026, 39% of homes in Monroe, MI 48162 sold above their list price, the typical home went under contract in 24 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 90 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 35%, homes sold about as fast and the median sale price fell 7% to $234,898. Overall, Monroe is more competitive than a year ago, so tougher for buyers.

Within Monroe County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Monroe ranks #120 of 510 MI ZIP codes with enough sales (score 77 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.