Is Montebello, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montebello has remained a Seller's Market.
Housing Prices in Montebello, CA
How much do homes in Montebello, CA cost?
Median Sold Price
$740,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montebello was $740,000 in April 2024, up 1.4% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $365K | +4.3% |
2 Bedrooms | $549.9K | $607.5K | +10.5% |
3 Bedrooms | $721K | $750K | +4.0% |
4 Bedrooms | $919K | $825K | -10.2% |
5+ Bedrooms | $943.7K | $1.4M | +53.8% |
Summary: Montebello housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Cities
Southwest San Gabriel Valley | $818.3K | $860K | +5.1% |
Pico Rivera | $680K | $705K | +3.7% |
Montebello | $730K | $740K | +1.4% |
Monterey Park | $850K | $860K | +1.2% |
Housing Supply in Montebello, CA
How many homes are available in Montebello, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 53 | -15.9% |
Summary: The Montebello real estate market had 53 homes for sale in April 2024, a 15.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 8 | 4 | -50.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Montebello housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Montebello in April 2024, down by 19.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 12% were sold at asking, and 59% were sold over asking.
Days on Market for Montebello, CA
How long does it take to sell a home in Montebello, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 23 Days | -2.7% |
Summary: Homes in Montebello had an average of 23 days on market in Apr 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Montebello; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.