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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

$292,936

AVERAGE PRICE OF 212 HOMES

$2,716,667

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$298,954

AVERAGE PRICE OF 23 NEWLY BUILT HOMES

$741,620

AVERAGE PRICE OF 15 HOMES WITH A POOL

$389,536

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $292,936
Avg Bedrooms 2.94 beds
Avg Bathrooms 1.83 baths

Average Price by Bedrooms

1 bedroom $372,000
2 bedrooms $145,550
3 bedrooms $205,920
4 bedrooms $356,220
5 bedrooms $424,923
Monroe Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 197 197 203 207 197
Average Price $299,604 $305,575 $296,657 $299,528 $296,708
Avg Price Change -1.99% +3.01% -0.97% +0.95% +1.28%
Median Price $225,989 $233,208 $234,407 $235,061 $231,610
Med Price Change -3.19% -0.51% -0.28% +1.49% +5.40%
Avg Bedrooms 3.35 beds 3.6 beds 3.45 beds 3.38 beds 3.35 beds
Avg Bathrooms 2.09 baths 2.5 baths 2.34 baths 2.27 baths 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Louisiana 2 $74,950 39 days
Neville Cy 68 $449,384 109 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 212 $292,936 111 days
Multi-Million Dollar Homes 3 $2,716,667 216 days
Newly Built Homes 23 $298,954 165 days
Homes with a Pool 15 $741,620 135 days
Reduced Price Homes 11 $389,536 82 days