Is El Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$735,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in El Monte was $735,000 in June 2024, up 9.7% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.2K | $337.5K | +1.9% |
2 Bedrooms | $580K | $622.5K | +7.3% |
3 Bedrooms | $660K | $714.5K | +8.3% |
4 Bedrooms | $750K | $830.7K | +10.8% |
5+ Bedrooms | $860K | $985K | +14.5% |
Summary: El Monte housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
El Monte | $670K | $735K | +9.7% |
Rosemead | $782.5K | $855K | +9.3% |
Temple City | $988.8K | $1.0M | +9.2% |
Upper San Gabriel Valley | $932.2K | $999K | +7.2% |
Housing Supply in El Monte, CA
How many homes are available in El Monte, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
67 | 61 | -9.0% |
Summary: The El Monte real estate market had 61 homes for sale in June 2024, a 9.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 16 | 13 | -18.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The El Monte housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in El Monte in June 2024, down by 10.5% month-over-month. Of the 17 sold homes, 12% were sold under asking, 24% were sold at asking, and 65% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -6.9% |
Summary: Homes in El Monte had an average of 18 days on market in Jun 2024, down by 6.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 17 homes were sold in El Monte; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.