Is Monroe, LA 71202 a buyer’s or seller’s market?
Monroe is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 16% of U.S. ZIP codes, and #98 of 160 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
The Monroe housing market right now
In the three months ending August 31, 2026, 6% of homes in Monroe, LA 71202 sold above their list price, the typical home went under contract in 42 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 17 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (96 days then) and the median sale price fell 16% to $84,463. Overall, Monroe is more competitive than a year ago, so tougher for buyers.
Within Ouachita Parish, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 60%. On our competition score, Monroe ranks #98 of 160 LA ZIP codes with enough sales (score 22 out of 100).
Nearby, West Monroe 71291 (12% sold over asking) and Monroe 71201 (9% sold over asking) are even more competitive.
Run the numbers for 71202
Nearby markets
Calhoun 71225Seller’s market $170 /sq ftMonroe 71201Seller’s market $130 /sq ftMonroe 71203Seller’s market $132 /sq ftWest Monroe 71291Seller’s market $144 /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 balanced market: there were 4.3 months of supply in Monroe, LA 71202 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 42 days in the latest three months.
Do homes in Monroe sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Monroe?
About 0.54% of a home’s value a year in Ouachita Parish, or roughly $2,160 on a $400,000 home.
What is the median home price in Monroe?
The median sale price was $84,463 in the three months ending August 31, 2026, about $66 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