A typical Monroe County home listed for $404,000 in March, up 4.9% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in March was up about 9.2% from March 2021. Monroe County’s median home was 2,020 square feet for a listed price of $185 per square foot.
The Monroe County market was busy, with a median 46 days on market. The market added 192 new home listings in March, compared with the 168 added in March 2021. The market ended the month with some 164 listings of homes for sale.
Across all of Indiana, median home prices were $249,950, rising 1.2% from a month earlier. The median Indiana home for sale had 1,820 square feet at list price of $135 per square foot.
Across the United States, median home prices were $404,950, up 3.2% from a month earlier. The median American home for sale had 1,800 square feet, listed at $214 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.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
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.
This article originally appeared on The Herald-Times: Bloomington-area homes for sale rise to $404,000 median price