Is Monrovia, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monrovia is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Monrovia, CA cost?

Median Sold Price

$950,000

$596/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$185,000(+24.2%)

Key Takeaway

Homes in Monrovia have sold for 24.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $515K$457.5K
-11.2%
2 $618K$688.8K
+11.5%
3 $821.7K$945K
+15.0%
4 $850K$1.2M
+48.0%
5+ $1.0M$2.0M
+100.2%

Median Sold Price Compared To Nearby Cities

Monrovia
+24.2%
Arcadia
+23.9%
Duarte
+15.0%

How many homes are available in Monrovia, CA?

Number of Homes For Sale

Apr 2022May 2022%
6362-1.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 1718
+5.9%
3 2824
-14.3%
4 1516
+6.7%
5+ 34
+33.3%

Number of Homes Sold

Apr 2022May 2022%
2320-13.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monrovia, you could pay more than the asking price. 85% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
17 Days19 Days+14.1%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monrovia 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 Monrovia, CA

Monrovia, CA has 62 homes on the market. Between April 2022 and May 2022, Monrovia, CA real estate market has seen decrease in the number of listings by 1.6%. Listings spent 19 days on the market in May 2022, and had a median list price of $950,000 during the same period. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 11.2%, prices of 2 bedrooms properties went up by 11.5%, prices of 3 bedrooms properties went up by 15%, 4 bedrooms properties prices increased by 48%, the cost of 5 bedrooms properties went up by 100.2%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 5.9%, 3 bedrooms homes became 14.3% less available, number of 4 bedrooms homes increased by 6.7%, 5 bedrooms homes inventory increased by 33.3%. Over 17 listings were sold over their listed price in May 2022 in Monrovia, CA. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.

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