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In February 2020, there were 42 homes sold, with a median sale price of $245,250 - a 30.8% increase over the $187,500 median sale price for the same period of the previous year. There were 40 homes sold in Monroe in February 2019.
The median sales tax in Monroe for the most recent year with available data, 2019, was $1,109, approximately 0.5% of the median home sale price for February 2020.
The following table compares Monroe to other Union County cities with similar median sale prices in February 2020:
| City | Feb. 2020 Home Sales | Feb. 2019 Home Sales | % change (Total Home Sales) | Feb. 2020 Median Sales Price | Feb. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Waxhaw | 44 | 34 | 29.4% | $357,000 | $326,000 | 9.5% |
| Stallings | 11 | 5 | 120% | $305,000 | $258,000 | 18.2% |
| Indian Trail | 43 | 33 | 30.3% | $280,000 | $253,500 | 10.5% |
| Mint Hill | 1 | 1 | 0% | $278,000 | $403,000 | -31% |
| Lake Park | 2 | 6 | -66.7% | $276,750 | $257,250 | 7.6% |
| Wesley Chapel | 4 | 5 | -20% | $266,000 | $336,000 | -20.8% |
| Monroe | 42 | 40 | 5% | $245,250 | $187,500 | 30.8% |
| Unionville | 2 | 3 | -33.3% | $180,000 | $300,000 | -40% |
| Marshville | 5 | 3 | 66.7% | $161,500 | $132,000 | 22.3% |
| Mineral Springs | 1 | 1 | 0% | $28,000 | $409,000 | -93.2% |
| Wingate | 1 | 3 | -66.7% | $21,000 | $183,000 | -88.5% |
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