In August 2020, there were 19 homes sold, with a median sale price of $220,500 - a 5.8% increase over the $208,500 median sale price for the same period of the previous year. There were 66 homes sold in Monroe in August 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 August 2020.
The following table compares Monroe to other Union County cities with similar median sale prices in August 2020:
| City | Aug. 2020 Home Sales | Aug. 2019 Home Sales | % change (Total Home Sales) | Aug. 2020 Median Sales Price | Aug. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Marvin | 8 | 11 | -27.3% | $620,500 | $565,000 | 9.8% |
| Waxhaw | 30 | 69 | -56.5% | $480,500 | $442,000 | 8.7% |
| Mineral Springs | 1 | 4 | -75% | $475,000 | $382,500 | 24.2% |
| Wesley Chapel | 5 | 7 | -28.6% | $385,000 | $495,000 | -22.2% |
| Stallings | 9 | 25 | -64% | $300,000 | $267,000 | 12.4% |
| Unionville | 1 | 7 | -85.7% | $295,000 | $382,000 | -22.8% |
| Indian Trail | 21 | 64 | -67.2% | $292,000 | $254,500 | 14.7% |
| Monroe | 19 | 66 | -71.2% | $220,500 | $208,500 | 5.8% |
| Marshville | 5 | 1 | 400% | $198,500 | $120,000 | 65.4% |
| Wingate | 5 | 6 | -16.7% | $190,000 | $189,000 | 0.5% |
| Fairview | 2 | 1 | 100% | $81,250 | $175,000 | -53.6% |
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