Is El Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$715,000
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in El Monte was $715,000 in April 2024, up 6.7% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.2K | $337.5K | +1.9% |
2 Bedrooms | $602.5K | $594.9K | -1.3% |
3 Bedrooms | $660K | $700K | +6.1% |
4 Bedrooms | $770K | $807.5K | +4.9% |
5+ Bedrooms | $900K | $985K | +9.4% |
Summary: El Monte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Temple City | $968K | $1.0M | +11.6% |
Rosemead | $785K | $850K | +8.3% |
El Monte | $670K | $715K | +6.7% |
Upper San Gabriel Valley | $938.1K | $990.9K | +5.6% |
South El Monte | $716.5K | $725.5K | +1.3% |
Housing Supply in El Monte, CA
How many homes are available in El Monte, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 61 | +10.9% |
Summary: The El Monte real estate market had 61 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 21 | 21 | 0.0% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The El Monte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in El Monte in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 6% were sold at asking, and 53% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 36 Days | -32.0% |
Summary: Homes in El Monte had an average of 36 days on market in Apr 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in El Monte; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.