Monroe, MI 48161 Real Estate Market Report

ZIP Code: 48161
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Monroe, MI as of April 2026 is characterized by a median sold price of $179,900, reflecting a stable market environment. The neighborhood has experienced a flat price trend, indicating that the market is leveling off after previous growth phases. This stability is further underscored by moderate interest rates and ongoing local economic development initiatives, which may support continued buyer interest and investment in the area.

Transaction activity appears to be moderate, with 231 median days on market, suggesting a slower sales velocity. The current market conditions indicate elevated inventory levels relative to sales activity, which may create pricing friction as sellers adjust expectations. The median listing price stands at $194,500, presenting a notable gap compared to the sold price, which could signal potential challenges for sellers in achieving their asking prices in the current environment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $179,900 reflects stable market conditions, indicating a balanced supply and demand dynamic.

2. With 231 median days on market, the market shows signs of slower sales velocity, suggesting a need for sellers to be more flexible with pricing.

3. The median listing price of $194,500 indicates a significant gap compared to the sold price, which may lead to pricing adjustments by sellers.

4. The market temperature is neutral, suggesting a balanced environment without strong upward or downward pressure on prices.

5. The median market rent of $1,367 is on the rise, indicating increasing demand in the rental sector, which may attract more investors.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.