Is South 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, South El Monte has remained a Seller's Market.
Housing Prices in South El Monte, CA
How much do homes in South El Monte, CA cost?
Median Sold Price
$725,500
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South El Monte was $725,500 in May 2024, up 2.3% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $640K | - | N/A |
3 Bedrooms | $690K | $725K | +5.1% |
4 Bedrooms | $859.4K | $747.5K | -13.0% |
5+ Bedrooms | $877K | $860K | -1.9% |
Summary: South El Monte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Rosemead | $776K | $850K | +9.5% |
El Monte | $665K | $725K | +9.0% |
Southwest San Gabriel Valley | $808.5K | $866.6K | +7.2% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
South El Monte | $709K | $725.5K | +2.3% |
Housing Supply in South El Monte, CA
How many homes are available in South El Monte, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Summary: The South El Monte real estate market had 7 homes for sale in May 2024, a 41.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 5 | -44.4% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South El Monte housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South El Monte in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for South El Monte, CA
How long does it take to sell a home in South El Monte, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 34 Days | +139.4% |
Summary: Homes in South El Monte had an average of 34 days on market in May 2024, up by 139.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in South El Monte; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.