Market Overview
coolingMonroe’s median home price ($355K) is about 31.6% below the Utah median ($518.9K) and homes sit on the market ~16% longer than the state average.- •Median price fell 25.3% month‑over‑month, signaling strong downward pressure.
- •Days on market rose to 83 days, 16% higher than the Utah average of 72 days.
- •Sale‑to‑list ratio remains near list at 97.6%, but limited inventory (14 active listings) keeps competition modest.
- •Mortgage rates have edged up over the past six months (30‑yr from 6.24% to 6.35%).
- •Unemployment is flat (Utah 3.6%, US ~4.3%), providing stable income conditions.
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Frequently Asked Questions About Monroe Real Estate
As of May 2026, the median home price in Monroe, Utah is $355,000, which is 31.5% below the Utah state median of $517,990. Home prices in Monroe range from $255,000 to $1,699,000, with an average sale price of $399,125. These figures are based on recent closed transactions in the Monroe real estate market.
Monroe, Utah is currently a cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 97.6% and homes spending an average of 83 days on the market. Monroe’s median home price ($355K) is about 31.6% below the Utah median ($518.9K) and homes sit on the market ~16% longer than the state average.
Homes in Monroe, Utah spend an average of 83 days on the market before going under contract compared to the Utah state average of 72 days (15.7% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.