Monon, IN Foreclosures
How much do homes sell for in Monon, IN?
The average home price is currently $236,666.
What’s the average rental cost in Monon, IN?
The average rental price in Monon is $1,055.
What is the most expensive home in Monon?
The most expensive home sold in Monon had a price of $2,091,169.
What is currently the cheapest priced home in Monon, IN?
The cheapest home for sale in Monon is priced at $22,503.
Living in Monon, IN
Monon, Indiana, is a charming small town that offers a welcoming community and a peaceful lifestyle. Surrounded by beautiful scenery and rich in local history, it is perfect for those who appreciate a slower-paced environment. With essential amenities readily available and various outdoor activities nearby, Monon is an ideal home for families and nature lovers alike.
Current Market Conditions in Monon, IN
Monon's real estate market is showing steady growth, with home values increasing steadily over the past year. The small-town appeal continues to attract buyers, making the area a desirable location for both first-time homeowners and investors looking for rental properties. There is a mix of charming historical homes alongside newer constructions, providing a variety of options for prospective buyers.
As of late October 2023, the demand for housing in Monon remains strong, driven by low inventory and a growing interest in rural living. Homes typically sell quickly, often at or above the asking price, indicating a competitive market. Average days on the market are decreasing, reflecting the ongoing trend of buyers looking to settle in smaller towns.
Home Value Estimator For Monon, IN
There are currently 902 real estate properties
in Monon, IN,
with a median automated valuation model (AVM) price
of $197,153.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monon, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Monon, IN,
is $236,666.00, with the most expensive house
in Monon, IN, topping out
at $2,091,169.00 and the cheapest home
in Monon, IN,
clocking in at $22,503.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monon, IN!
Rent Prices
In Monon, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monon, IN, is on
a rollercoaster ride. The
average rent price in Monon, IN,
is $1,055.00. Indeed, when looking to rent in
Monon, IN, you can expect to pay as little
as $520.00 or as much
as $2,030.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Monon, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
