Homes in Monroe County sold for lower prices recently: See how much here

Newly released data from Realtor.com for February shows that potential buyers and sellers in Monroe County saw houses sell for slightly lower than the previous month's median sales price of $291,450.

The median home sold for $290,437, an analysis of data from Realtor.com shows. That means February, the most recent month for which figures are available, was down 0.3% from January.

Compared to February 2023, the median home sales price was up 4.4% at $290,437 compared to $278,187.

Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.

Information on your local housing market, along with other useful community data, is available at data.indystar.com.

Looking only at single-family homes, the $304,437 median selling price in Monroe County was down 3.2% in February from $314,370 the month prior. Since February 2023, the sales price of single-family homes was up 2.6% from a median of $296,756.

One single family home sold for $1 million or more during the month, compared to two recorded transactions of at least $1 million in February 2023.

Condominiums and townhomes increased by 2% in sales price during February to a median of $172,059 from $168,750 in January. Compared to February 2023, the sales price of condominiums and townhomes was down 32.7% from $255,760. No condominiums or townhomes sold for at least $1 million or more during February.

In February, the number of recorded sales in Monroe County dropped by 9.8% since February 2023 from 143 to 129. All residential home sales totaled to $22 million.

In Indiana, homes sold at a median of $228,129 during February, up 2.5% from $222,463 in January. There were 7,181 recorded sales across the state during February, down 6.5% from 7,680 recorded sales in February 2023.

The total value of recorded residential home sales in Indiana decreased by 5.5% from $1.2 billion in January to $1.2 billion this February.

Out of all residential home sales in Indiana, 0.56% of homes sold for at least $1 million in February, down from 1.29% in February 2023.

Sales prices of single-family homes across Indiana increased by 3% from a median of $223,373 in January to $230,000 in February. Since February 2023, the sales price of single-family homes across the state was up 1.9% from $225,706.

Across the state, the sales price of condominiums and townhomes dropped 8.8% from a median of $210,937 in January to $192,446 during February. The median sales price of condominiums and townhomes is down 20.9% from the median of $243,219 in February 2023.

The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.

This article originally appeared on The Herald-Times: Homes in Monroe County sold for lower prices recently: See how much here