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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

$318,657

AVERAGE PRICE OF 238 HOMES

$2,120,000

AVERAGE PRICE OF 5 MULTI-MILLION DOLLAR HOMES

$305,062

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$745,723

AVERAGE PRICE OF 21 HOMES WITH A POOL

$316,487

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $318,657
Avg Bedrooms 3.43 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $325,000
2 bedrooms $231,792
3 bedrooms $236,791
4 bedrooms $410,447
5 bedrooms $441,781
Monroe Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 224 204 197 197 203
Average Price $293,902 $296,375 $299,604 $305,575 $296,657
Avg Price Change -0.84% -1.09% -1.99% +3.01% -0.97%
Median Price $235,829 $228,819 $225,989 $233,208 $234,407
Med Price Change +3.06% +1.25% -3.19% -0.51% -0.28%
Avg Bedrooms 2.96 beds 2.94 beds 3.35 beds 3.6 beds 3.45 beds
Avg Bathrooms 1.84 baths 1.84 baths 2.09 baths 2.5 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Neville Cy 91 $439,044 97 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 238 $318,657 108 days
Multi-Million Dollar Homes 5 $2,120,000 145 days
Newly Built Homes 30 $305,062 165 days
Homes with a Pool 21 $745,723 105 days
Reduced Price Homes 9 $316,487 163 days