Monroe, MI Housing Market 2026: What Homes Actually Sell For

If you invest in or around Monroe, the number that matters is what homes actually close for, not what sellers are asking. Here is what Monroe sale prices look like right now, built from the closings Resideline tracked over the last six months, as of September 2026.

The snapshot

• •Closings tracked, last 6 months: 163
• •Median sold price, last 6 months: $209,000
• •Median sold $/sqft, last 6 months: $133
• •Middle half of sales closed between: $145,000 and $250,000

What the numbers say

Resideline tracked 163 closed sales in Monroe over the last six months, with a median closing price of $209,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $145,000 and $250,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. 85% of the Monroe closings we track here are single-family houses, so these figures primarily reflect that segment, and the citywide $/sqft figure primarily reflects that segment as well. Across the 163 closings with usable living area, the middle half sold between $98 and $164 per square foot.

Figures last updated September 6, 2026 from closings Resideline tracked.

Median home price in Monroe, MI (September 2026)

The median home price in Monroe is $209,000, measured across the 163 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $145,000 and $250,000.

Where Monroe sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Monroe over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $145,000 and $250,000. Among the 78 Michigan markets with a published band, Monroe's middle-half spread ($145,000 to $250,000) ranks 36th from the narrowest. Where your target property sits inside that spread matters more than the citywide median. Measured as the ratio of the upper to the lower quartile, its middle-half spread ranks in the 55th percentile of the 2,187 US markets in Resideline's national Market Watch set, on data as of September 4, 2026.

How long a sale takes here

• •Listed to under contract: a median of 21 days, across 105 Monroe closings Resideline tracked in the last six months
• •Contract to closing: a median of 25 days, across 94 Monroe closings Resideline tracked in the last six months

The Monroe angle

Monroe's tracked record over the last six months: 163 closings, a median closed sale price of $209,000, and the middle half of sales landing between $145,000 and $250,000. The spread is close to typical for the markets we track, but its shape is lopsided: the lower stretch of the band runs considerably further from the median than the upper stretch does. A quarter of tracked closings finished below $145,000, and pricing in that territory calls for comps drawn from it rather than discounts reasoned down from $209,000. Above the median the middle half ends sooner, so a strong subject reaches the upper quartile quickly, and the quarter of sales that closed beyond $250,000 become the evidence that settles its price.

From market read to offer price

A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any Monroe address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: Monroe, MI
Geography: incorporated municipality, Census place 2655020
Data updated: September 2026
Analysis period: last six months
Tracked closings: 163
Median sold price: $209,000
Median sold $/sqft: $133 (163 qualifying)
Property mix: 85% houses
https://resideline.com/blog/monroe-mi-housing-market

Writing about this market? Paste this into your post:

<a href="https://resideline.com/blog/monroe-mi-housing-market">
  <img src="https://resideline.com/images/embed/monroe-mi.png" alt="Monroe, MI home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/monroe-mi-housing-market">Resideline Market Watch</a></p>

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in Monroe over the last six months, and is refreshed when the data is. The closings we track within the Monroe city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 21% of the 163 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $217,000.