Is Montebello, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Montebello has remained a Seller's Market.
Housing Prices in Montebello, CA
How much do homes in Montebello, CA cost?
Median Sold Price
$732,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montebello was $732,000 in March 2024, down 0.4% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $365K | +4.3% |
2 Bedrooms | $552.5K | $605K | +9.5% |
3 Bedrooms | $728.1K | $743K | +2.0% |
4 Bedrooms | $919K | $832.5K | -9.4% |
5+ Bedrooms | $962.5K | $1.4M | +51.7% |
Summary: Montebello housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 51.7%.
Median Sold Price Compared To Nearby Cities
Commerce | $602.7K | $647.5K | +7.4% |
Southwest San Gabriel Valley | $825.7K | $850K | +2.9% |
Monterey Park | $855K | $858K | 0.4% |
Pico Rivera | $688.7K | $690K | 0.2% |
Montebello | $734.6K | $732K | -0.4% |
Housing Supply in Montebello, CA
How many homes are available in Montebello, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 63 | +5.0% |
Summary: The Montebello real estate market had 63 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 25 | 30 | +20.0% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Montebello housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 21 | +110.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Montebello in March 2024, up by 110.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for Montebello, CA
How long does it take to sell a home in Montebello, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 12 Days | -64.5% |
Summary: Homes in Montebello had an average of 12 days on market in Mar 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Montebello; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.