Why Live in Southeast Monroe
Southeast Monroe is a neighborhood with a rich history, originally developed for employees of the nearby Newton Steel Corp. Homes in the area include bungalows, workers' cottages, and ranch-style houses, many of which were built between 1920 and 1950. These homes are notably affordable, often selling for significantly less than the Monroe Metro average, making them attractive to both residents and investors. The neighborhood lacks apartment complexes, and many homes are rented out. Hellenberg Park, with its fishing spots, wooded trails on Sterling Island, and recreational facilities, is a local highlight. The Arthur Lesow Community Center offers various social, cultural, and educational programs, while the newly built Labor Park features a splash pad and indoor basketball court. Although there are no restaurants within the neighborhood, downtown dining options are just 2 miles away, and several small markets are within walking distance. Lake Erie Transit’s Route 3 services the area, though buses stop running in the early evening. Major employers like DTE Energy and ProMedica Monroe Regional Hospital are nearby. The neighborhood is bordered by the River Raisin and Tamarack Creek, making it prone to flooding. Students attend Monroe Public Schools, with Monroe Middle School being highly rated. The area is safer than the national average, providing a relatively low crime risk for residents.
Home Trends in Southeast Monroe, MI
On average, homes in Southeast Monroe, Monroe sell after 17 days on the market compared to the national average of 70 days. The median sale price for homes in Southeast Monroe, Monroe over the last 12 months is $330,000, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$330,000
Median Single Family Sale Price
$220,000
Median Townhouse Sale Price
$330,000
Average Price Per Sq Ft
$232
Number of Homes for Sale
1
Last 12 months Home Sales
34
Median List Price
$335,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-34%
