Is Monroe, LA 71203 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Monroe is a seller’s market. With about 1.4 months of supply and 9% 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.

Months of supply1.4Under 4 months = seller’s market

Sold above original list8.5%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market36Listing to accepted offer

Median price per sq ft$132▲ +5.3% vs. last year

Run the numbers for 71203

Prefilled for 71203Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71203Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Calhoun 71225Seller’s market $170 /sq ft Monroe 71201Seller’s market $130 /sq ft Monroe 71202Balanced $66 /sq ft West Monroe 71291Seller’s market $144 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology