NEWS

Monroe County home prices rise 2.3% in April, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
Coldwell Banker real estate agent Annie Beyersdorf meets with Robby Schroeder and Michael Jacobs before a home inspection on a home that the couple has an accepted offer to purchase on March 28, 2022, in Grand Chute, Wis. Three months ago, they sold their home and started to hunt for a new, larger one with character inside and out. It took them three months, almost 30 private visits and open houses, and four offers before they were able to land a home.

A typical Monroe County home listed for $251,000 in April, up 2.3% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in April was down about 6.2% from April 2021. Monroe County's median home was 1,664 square feet for a listed price of $169 per square foot.

The Monroe County market was busy, with a median 53 days on market. A month earlier, homes had a median 60 days on market. The market added 156 new home listings in April, compared with the 156 added in April 2021. The market ended the month with some 118 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

Across all of Michigan, median home prices were $258,999, rising 7% from a month earlier. The median Michigan home for sale had 1,566 square feet at list price of $161 per square foot.

Across the United States, median home prices were $425,000, up 5% from a month earlier. The median American home for sale had 1,821 square feet, listed at $220 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.