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Monroe

Why you'd want to live in Monroe

Monroe is located along the Ouachita River and is the parish seat for Ouachita Parish. It's the primary distribution base for the region's farmers. According to National Geographic, the Ouachita River is one of the most beautiful rivers in the entire world. The region is known as "Sportsman's Paradise," and is the location of the first Coca Cola bottling plant. History Before the Louisiana Purchase was completed, the Monroe area was a prominent trading center. In 1780 the French arrived and created a settlement named Prairie de Canots. Jean Baptiste Filhoil was selected by the Spanish Crown to be in charge of the region and in 1790 Filhoil constructed a prominent fort. Soon, agriculture was thriving and was a primary industry. In 1915 natural gas was discovered in Ouachita Parish and it became a significant factor for the economy. During the 1920's the paper industry was flourishing.

Monroe Market Report

$268,865

AVERAGE PRICE OF 212 HOMES

$1,300,000

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$279,426

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$452,094

AVERAGE PRICE OF 18 HOMES WITH A POOL

$236,000

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

$108,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $268,865
Avg Bedrooms 3.55 beds
Avg Bathrooms 2.59 baths

Average Price by Bedrooms

1 bedroom $100,000
2 bedrooms $120,445
3 bedrooms $156,830
4 bedrooms $273,005
5 bedrooms $465,350
Monroe Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 237 257 256 246 239
Average Price $302,814 $311,738 $312,630 $318,386 $331,557
Avg Price Change -2.95% -0.29% -1.84% -4.14% -2.38%
Median Price $238,129 $240,412 $240,689 $245,893 $256,305
Med Price Change -0.96% -0.12% -2.16% -4.23% -1.66%
Avg Bedrooms 3.69 beds 3.7 beds 3.39 beds 3.4 beds 3.38 beds
Avg Bathrooms 2.61 baths 2.62 baths 2.21 baths 2.2 baths 2.23 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Louisiana 2 $168,950 36 days
Neville Cy 60 $352,721 131 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 212 $268,865 85 days
Multi-Million Dollar Homes 3 $1,300,000 159 days
Newly Built Homes 11 $279,426 192 days
Homes with a Pool 18 $452,094 65 days
Reduced Price Homes 10 $236,000 84 days
Distressed Homes 1 $108,000 16 days

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