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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

$340,607

AVERAGE PRICE OF 225 HOMES

$1,917,333

AVERAGE PRICE OF 6 MULTI-MILLION DOLLAR HOMES

$330,942

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$752,996

AVERAGE PRICE OF 27 HOMES WITH A POOL

$336,154

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $340,607
Avg Bedrooms 3.46 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $70,000
2 bedrooms $198,382
3 bedrooms $236,195
4 bedrooms $454,100
5 bedrooms $568,300
Monroe Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 239 241 235 224 204
Average Price $338,548 $333,639 $317,236 $293,902 $296,375
Avg Price Change +1.47% +5.17% +7.94% -0.84% -1.09%
Median Price $254,048 $256,128 $251,545 $235,829 $228,819
Med Price Change -0.82% +1.82% +6.66% +3.06% +1.25%
Avg Bedrooms 3.73 beds 3.2 beds 2.9 beds 2.96 beds 2.94 beds
Avg Bathrooms 2.44 baths 2.08 baths 1.9 baths 1.84 baths 1.84 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Neville Cy 78 $474,149 112 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 225 $340,607 112 days
Multi-Million Dollar Homes 6 $1,917,333 178 days
Newly Built Homes 20 $330,942 181 days
Homes with a Pool 27 $752,996 109 days
Reduced Price Homes 11 $336,154 85 days