Monroe, SD Foreclosures
How much do homes sell for in Monroe, SD?
The average home price is currently $221,198.
In Monroe, SD, how many homes are available?
There are currently 1 active home listings available in Monroe.
What’s the average rental cost in Monroe, SD?
The average rental price in Monroe is $1,118.
What is the most expensive home in Monroe?
The most expensive home sold in Monroe had a price of $951,502.
What is currently the cheapest priced home in Monroe, SD?
The cheapest home for sale in Monroe is priced at $40,190.
Living in Monroe, SD
Monroe, SD is a charming small town that combines rural tranquility with suburban convenience. Ideal for families, it offers quality schools, ample outdoor activities, and a close-knit community atmosphere. Enjoy the scenic beauty and local amenities while being just a short drive from larger cities.
Current Market Conditions in Monroe, SD
The Monroe, SD real estate market is stable, with a growing interest in affordable housing options. The average home prices have seen a steady increase over the past few years, attracting first-time homebuyers and those looking to escape the hustle and bustle of city life. As more people seek affordable living outside of urban areas, Monroe is becoming an appealing option.
In recent months, the market has shown a modest uptick in home sales, particularly in single-family homes. Buyers are taking advantage of the low-interest rates and the charm of small-town living. Inventory remains limited, but the demand for housing continues to grow, which is likely to lead to further price appreciation.
Home Value Estimator For Monroe, SD
There are currently 109 real estate properties
in Monroe, SD,
with a median automated valuation model (AVM) price
of $82,110.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Monroe, SD, 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 Monroe, SD,
is $221,198.00, with the most expensive house
in Monroe, SD, topping out
at $951,502.00 and the cheapest home
in Monroe, SD,
clocking in at $40,190.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Monroe, SD!
Rent Prices
In Monroe, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Monroe, SD, is on
a rollercoaster ride. The
average rent price in Monroe, SD,
is $1,118.00. Indeed, when looking to rent in
Monroe, SD, you can expect to pay as little
as $600.00 or as much
as $1,990.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Monroe, SD
-- 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
