Market Overview
balancedMonroe’s median home price is about 20% below the Utah average, with longer days on market and a higher sale‑to‑list ratio, indicating a more buyer‑friendly environment.- •Median price is $417,972, 20.4% lower than the state median of $525,000.
- •Prices rose 7.6% month‑over‑month, while the sale‑to‑list ratio remains strong at 97.8%.
- •Homes sit on the market 25.6% longer than the state average (82 vs 65 days).
- •Inventory is modestly soft: 28 new listings versus 18 closed transactions in the last three months.
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Frequently Asked Questions About Monroe Real Estate
As of July 2026, the median home price in Monroe, Utah is $417,972, which is 20.4% below the Utah state median of $525,000. Home prices in Monroe range from $275,000 to $1,699,000, with an average sale price of $397,997. These figures are based on recent closed transactions in the Monroe real estate market.
Monroe, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 98.7% and homes spending an average of 49 days on the market. Monroe’s median home price is about 20% below the Utah average, with longer days on market and a higher sale‑to‑list ratio, indicating a more buyer‑friendly environment.
Homes in Monroe, Utah spend an average of 49 days on the market before going under contract compared to the Utah state average of 61 days (18.9% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.