Is El Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, El Monte has remained a Seller's Market.
Housing Prices in El Monte, CA
How much do homes in El Monte, CA cost?
Median Sold Price
$725,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in El Monte was $725,000 in May 2024, up 9% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.2K | $337.5K | +1.9% |
2 Bedrooms | $587.4K | $599.9K | +2.1% |
3 Bedrooms | $645K | $704K | +9.1% |
4 Bedrooms | $761K | $810K | +6.4% |
5+ Bedrooms | $880K | $985K | +11.9% |
Summary: El Monte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
Temple City | $977.5K | $1.0M | +10.9% |
Rosemead | $776K | $850K | +9.5% |
El Monte | $665K | $725K | +9.0% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
South El Monte | $709K | $725.5K | +2.3% |
Housing Supply in El Monte, CA
How many homes are available in El Monte, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 65 | +3.2% |
Summary: The El Monte real estate market had 65 homes for sale in May 2024, a 3.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The El Monte housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in El Monte in May 2024, up by 5.9% month-over-month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for El Monte, CA
How long does it take to sell a home in El Monte, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 20 Days | -55.8% |
Summary: Homes in El Monte had an average of 20 days on market in May 2024, down by 55.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in El Monte; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.