Monterey Park, CA Housing Market
The Monterey Park housing market is very competitive. Homes in Monterey Park receive 3 offers on average and sell in around 46 days. The median sale price of a home in Monterey Park was $855K last month, down 5.0% since last year. The median sale price per square foot in Monterey Park is $630, up 13.7% since last year.
Monterey Park Housing Market Trends
In March 2024, Monterey Park home prices were down 5.0% compared to last year, selling for a median price of $855K. On average, homes in Monterey Park sell after 46 days on the market compared to 60 days last year. There were 26 homes sold in March this year, down from 27 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Monterey Park housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 38 days.
- Hot homescan sell for about 5% above list price and go pending in around 15 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 41 days.
- Hot homescan sell for about 4% above list price and go pending in around 20 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 33 days.
- Hot homescan sell for about 9% above list price and go pending in around 22 days.
Monterey Park Migration & Relocation Trends
- Across the nation, 5% of homebuyers searched to move into Monterey Park from outside metros.
- San Francisco homebuyers searched to move into Monterey Park more than any other metro followed by New York and Seattle.
- 80% of Monterey Park homebuyers searched to stay within the Monterey Park metropolitan area.
- San Diego was the most popular destination among Monterey Park homebuyers followed by Las Vegas and Phoenix.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,520 | ||
2 | 1,547 | ||
3 | 1,038 | ||
4 | 572 | ||
5 | 121 | ||
6 | 17 | ||
7 | 6 | ||
8 | 6 | ||
9 | 6 | ||
10 | 4 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 11,368 | ||
2 | 6,417 | ||
3 | 3,920 | ||
4 | 3,697 | ||
5 | 2,691 | ||
6 | 1,694 | ||
7 | 1,681 | ||
8 | 1,429 | ||
9 | 1,333 | ||
10 | 1,245 |
Home offer insights for Monterey Park
Recent offers
View houses in Monterey Park that sold recently
Recently sold homes
- $1,130,000 Last Sold Price4 beds3 baths2,142 sq ft468 S Alhambra Ave, Monterey Park, CA 91755List Price$1,098,000Sale to List3% over listDays on Market75 days468 S Alhambra Ave, Monterey Park, CA 91755
- $615,000 Last Sold Price1 bed1.5 baths844 sq ft419 N Chandler Ave #301, Monterey Park, CA 91754List Price$615,000Sale to List0% over listDays on Market104 days419 N Chandler Ave #301, Monterey Park, CA 91754
- $760,000 Last Sold Price3 beds2 baths1,509 sq ft746 S Garfield Ave, Monterey Park, CA 91754List Price$715,000Sale to List6% over listDays on Market29 days746 S Garfield Ave, Monterey Park, CA 91754
- $880,000 Last Sold Price4 beds2.5 baths1,516 sq ft502 W Graves Ave, Monterey Park, CA 91754List Price$890,000Sale to List1% under listDays on Market84 days502 W Graves Ave, Monterey Park, CA 91754
- $740,5002 beds3 baths1,120 sq ft419 N Chandler Ave #611, Monterey Park, CA 91754Days on Market—419 N Chandler Ave #611, Monterey Park, CA 91754
- $745,000 Last Sold Price2 beds1 bath800 sq ft1121 Williams St, Monterey Park, CA 91754List Price$599,999Sale to List24% over listDays on Market25 days1121 Williams St, Monterey Park, CA 91754
- $800,0003 beds2 baths1,362 sq ft1635 Arriba Dr, Monterey Park, CA 91754Days on Market—1635 Arriba Dr, Monterey Park, CA 91754
- $725,000 Last Sold Price3 beds2 baths1,436 sq ft858 S Garfield Ave, Monterey Park, CA 91754List Price$726,000Sale to List0% under listDays on Market97 days858 S Garfield Ave, Monterey Park, CA 91754
See all recently sold homes in Monterey Park.
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Schools in Monterey Park
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Monterey Highlands Elementary School Public • K-8 | 1025 Students | 17 reviews |
8/10 Potrero Heights Elementary School Public • K-5 | 402 Students | 10 reviews |
8/10 Repetto Elementary School Public • K-8 | 825 Students | 10 reviews |
8/10 Brightwood Elementary School Public • K-8 | 928 Students | 11 reviews |
8/10 Monterey Vista Elementary School Public • K-6 | 523 Students | 9 reviews |
Climate's impact on Monterey Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Monterey Park.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Major
Heat Factor
Transportation in Monterey Park
Walk Score®
Bike Score®
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