Is Monroe, MI 48162 a buyer’s or seller’s market?
Monroe is a seller’s market. With about 1.5 months of supply and 39% 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.
Competition score77/ 100
More competitive than 82% of U.S. ZIP codes, and #120 of 510 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
Months of supply1.5Under 4 months = seller’s market
Sold above original list39.1%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market24Listing to accepted offer
Median price per sq ft$162▼ −3.1% vs. last year
Run the numbers for 48162
Nearby markets
Carleton 48117Seller’s market $185 /sq ftDundee 48131Seller’s market $164 /sq ftErie 48133Balanced $172 /sq ftIda 48140Seller’s market $151 /sq ft Browse all markets →More tools for 48162
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology