Monroe, MI 48161 Real Estate Market Report

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.

Market Metrics

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.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent market value is the median sold price 196,000, which reflects completed transactions and supports a view of sustained price strength in Monroe, MI; use sold prices, not asking prices, when setting comps.
2. There is a meaningful gap between the median listing price 239,950 and the median sold price 196,000, which may indicate pricing friction between seller expectations and recent transaction levels and suggests sellers should consider aligning asking prices with recent sales to improve transaction likelihood.
3. Market velocity shows slower transaction timing with a median days on market 280, which should be treated as reduced sales velocity rather than definitive weak demand; combined with the market temperature being hot, this appears to reflect a market where price discovery may take longer on individual listings—exercise pricing discipline.
4. Local demand signals remain broadly positive: the price year-over-year trend up and rent year-over-year trend up align with a hot market temperature, but elevated financing costs (noted as interest rate pressure elevated and average mortgage context described in the property comparison) introduce a cautionary factor for buyer affordability—monitor financing conditions closely.

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.