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MONROE, MI 48162

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MONROE, MI real estate market (48162) currently shows 62 active listings, with 30 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 50 days on market compared to 53 days last year.

The median listing price has fallen 2.7% year-over-year, from $234,900 to $228,650.

Whether you are buying or selling in MONROE, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 28,740  ·  Density: 193.1/mi²  ·  Median household income: $67,774

Typical home value: $174,203  ·  Homeownership: 75.2%

Market Overview

Active Listings
62
⇩ 11.4% vs 70 last year
Pending
30
48% pending ratio
Median Price
$228,650
⇩ 2.7% vs $234,900 last year
Average Price
$236,693
⇩ 8.2% vs $257,819 last year
Days on Market
50
⇩ 5.7% vs 53 days last year

Price Per Square Foot

Median $/sqft
$165
⇧ 1.2% vs $163/sqft last year
Median Home Size
1,294 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 62 this year vs 70 last year
  • Days on market: 50 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $228,650 (-2.7% YoY)
  • Average: $236,693 (-8.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.3 miles — 438 listings ($107,246,215 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48162Monroe, MI 481620.0 mi70$18,990,230$232,400$271,289
48117Carleton, MI 481176.3 mi13$4,538,053$284,900$349,081
48159Maybee, MI 481597.7 mi3$1,836,750$612,250$612,250
48140Ida, MI 481409.4 mi4$1,126,100$281,175$281,525
48179South Rockwood, MI 4817910.5 mi5$1,805,750$202,400$361,150
48131Dundee, MI 4813112.2 mi19$6,189,345$334,000$325,755
48133Erie, MI 4813312.5 mi7$2,278,276$309,750$325,468
48177Samaria, MI 4817713.1 mi1$209,900$209,900$209,900
48173Rockwood, MI 4817313.8 mi27$7,365,519$223,725$272,797
48160Milan, MI 4816015.1 mi36$13,040,280$350,000$362,230
48183Trenton, MI 4818316.4 mi77$18,968,796$229,950$246,348
48174Romulus, MI 4817417.6 mi80$19,563,360$217,425$244,542
43612Toledo, OH 4361218.3 mi96$11,333,856$117,925$118,061

Frequently Asked Questions

How many homes are for sale in MONROE, MI 48162?

As of March 2026, there are 62 active listings in MONROE, MI (zip code 48162), compared to 70 the prior year.

What is the median home price in MONROE, MI 48162?

The median listing price in MONROE, MI 48162 is $228,650 as of March 2026, a 2.7% decrease from $234,900 the prior year.

How long do homes stay on the market in MONROE, MI?

Homes in MONROE, MI 48162 spend an average of 50 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in MONROE, MI 48162?

Based on current inventory and days-on-market data as of March 2026, MONROE, MI 48162 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 50 days on market compared to 53 days last year.

How much can I save on real estate commission in MONROE, MI?

With SELL123.com's maximum 3% commission, sellers in MONROE, MI 48162 save an estimated $4,573 compared to a typical 5% commission on the median listing price of $228,650. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.