Monroe County Real Estate Market Update – YTD August 2025
If you’re buying or selling in Monroe County, the year-to-date numbers tell a clearer story than just looking at a single month. Here’s how our market is performing in 2025 compared to 2024, and what it means for you as a homeowner, buyer, or investor.
Residential Market Insights
New Listings: 1,306 homes, up 5%.
Pending Sales: 1,066, steady with last year (+1%).
Closed Sales: 1,026, a 3.3% increase.
Median Sales Price: $265,000, up 8.2%.
Average Sales Price: $289,158, up 8%.
Days on Market: 38, slightly longer than last year’s 35.
Percent of List Price Received: 99.7%, edging higher
💡 What It Means: Monroe County homes are appreciating steadily, with both median and average sales prices up around 8%. The slight rise in days on market suggests buyers are being more cautious, but sellers who price competitively are still achieving close to full asking. For buyers, the extra market time means a little more negotiation power, but affordability is being challenged as prices climb.
Condo Market Insights
New Listings: 60, down 13%.
Pending Sales: 54, down 10%.
Closed Sales: 51, down 22.7%.
Median Sales Price: $220,000, up 1.9%.
Average Sales Price: $241,780, up 12.5%.
Days on Market: 66, compared to 54 last year.
Percent of List Price Received: 98.8%, a slight dip
💡 What It Means: The Monroe condo market is quieter in terms of volume, but the properties that sell are going for more money. That shows demand still exists, but with limited supply, buyers may need patience and flexibility. Sellers should be prepared for longer market times but can expect solid pricing if their condo is updated and presented well.
Final Thoughts for Monroe County
Overall, Monroe’s market is stable and leaning slightly in favor of sellers, especially for single-family homes. Condos are slower but still appreciating. Sellers benefit from strong pricing, while buyers can take advantage of more inventory and slightly longer market times to negotiate.
Your Local Real Estate Resource
Whether you’re buying or selling in Monroe County or Downriver, having a trusted REALTOR® who understands the numbers—and how they impact your decisions—makes all the difference.
At Synergy Realty Group, I take pride in being available whenever you need me and in using my knowledge of the local market to help you reach your goals.
📞 Call/Text: 734-301-8667
📧 Email: jordan@downriversynergy.com
🌐 Website: www.jordanbobbitt.realtor
📍 Synergy Realty Group: 22001 Allen Rd, Woodhaven, MI 48183
👉 Curious what your home is worth in today’s market? (Enter Link to FHE)
