Is Monroe, IA 50170 a buyer’s or seller’s market?
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.
The Monroe housing market right now
In the three months ending August 31, 2026, 0% of homes in Monroe, IA 50170 sold above their list price, the typical home went under contract in 58 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. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (26 days then) and the median sale price rose 5% to $242,395. Overall, Monroe is less competitive than a year ago, which gives buyers more room.
Within Jasper County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Kellogg 50135 (33% sold over asking) and Newton 50208 (18% sold over asking) are even more competitive.
Run the numbers for 50170
Nearby markets
Baxter 50028Buyer’s market $203 /sq ftColfax 50054Seller’s market $143 /sq ftIra 50127 — /sq ftKellogg 50135Balanced $157 /sq ft Browse all markets →Towns like Monroe nearby
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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, IA 50170 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 58 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 96.3% of the list price.
What are property taxes in Monroe?
About 1.41% of a home’s value a year in Jasper County, or roughly $5,640 on a $400,000 home.
What is the median home price in Monroe?
The median sale price was $242,395 in the three months ending August 31, 2026, about $149 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