Let's first take a look at Lincoln Hills. Four homes have sold in this neighborhood so far this year, and the average price per sq. ft. is $96. The average days on market is currently at 48 days, but keep in mind that 25 days out of those 48 are spent on the closing process, so homes are selling a bit quicker than they appear to be. Also, there aren't many homes for sale in this area, and a lot of people want to move there, so if you're in Lincoln Hills and thinking of selling, now is a great time to do so.
Frenchman's Bend is another subdivision in Monroe that I'd like to take a look at. Thirty-five homes have sold in this area, and the average price per sq. ft. is sitting at $132 per foot. The days on market is sitting at 109 days, and this is because there are a lot of homes for sale in this area. This means that if you're looking to purchase a home, Frenchman's Bend is a great place to look because the market will be in your favor.
If you have a particular neighborhood that you would like to see a market update for, please don't hesitate to contact me. Real estate is ultra-local, so these market updates for small locales can reveal changing conditions.
If you ever need assistance buying or selling in Monroe, please don't hesitate to reach out to me!
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