Is El Monte, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Monte is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, El Monte has remained a Seller's Market.

Key Takeaway

El Monte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in El Monte, CA cost?

Median Sold Price

$686,500

$472/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$67,500(+10.9%)

Key Takeaway

Homes in El Monte have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $384K$335K
-12.8%
2 $525K$593K
+13.0%
3 $605K$673.5K
+11.3%
4 $700K$770K
+10.0%
5+ $913K$900K
-1.4%

Median Sold Price Compared To Nearby Cities

South El Monte
+16.6%
El Monte
+10.9%
Temple City
+10.8%
Rosemead
+10.5%
Upper San Gabriel Valley
+8.7%

How many homes are available in El Monte, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
6470+9.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 21
-50.0%
2 1012
+20.0%
3 2632
+23.1%
4 2221
-4.5%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1019+90.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Monte, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
21 Days25 Days+18.9%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Monte are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About El Monte, CA

There are 70 homes are for sale in El Monte, CA real estate market. In November 2022 in El Monte, CA there were 9.4% more homes for sale than in October 2022. The median list price of listings available in November 2022 was $686,500, while the average time on the real estate market was 25 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went down by 12.8%, 2 bedrooms properties became 13% more expensive, prices of 3 bedrooms properties increased by 11.3%, 4 bedrooms properties prices increased by 10%, the cost of 5 bedrooms properties went down by 1.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 50%, number of 2 bedrooms homes increased by 20%, number of 3 bedrooms homes increased by 23.1%, number of 4 bedrooms homes decreased by 4.5%, 5 bedrooms homes inventory did not change. El Monte, CA housing market in November 2022 saw over 8 listings sold above listed price, more than 3 sold at listed price and over 8 sold below.

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