$8,289 Closing Credit*
$698,000
1,174 SqFt
2 Beds
•2 Full Baths
Pamela DelRey, Listing Office: Art Del Rey Realty, Inc.
Is Monrovia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Monrovia, CA
How much do homes in Monrovia, CA cost?
Median Sold Price
$937,000
$639/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$7,000(+0.8%)
Key Takeaway
Homes in Monrovia have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Monrovia was $937,000 in September 2024, up 0.8% from last year, and the median price per square foot was $639.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $548.5K | +5.5% |
| 2 Bedrooms | $667.5K | $740K | +10.9% |
| 3 Bedrooms | $940K | $991.5K | +5.5% |
| 4 Bedrooms | $1.1M | $1.3M | +13.2% |
| 5+ Bedrooms | $1.3M | $1.5M | +13.9% |
Summary: Monrovia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Monrovia, CA
How many homes are available in Monrovia, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 68 | 78 | +14.7% |
Summary: The Monrovia real estate market had 78 homes for sale in September 2024, a 14.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Monrovia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monrovia, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Monrovia in September 2024, up by 41.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% were sold over asking.
Days on Market for Monrovia, CA
How long does it take to sell a home in Monrovia, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 19 Days | +3.6% |
Summary: Homes in Monrovia had an average of 19 days on market in Sep 2024, up by 3.6% 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
Key Takeaway
Many homes in Monrovia are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Monrovia; 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.