$10,000 Closing Credit*
$939,000
1,576 SqFt
3 Beds
•2 Full Baths
Charles Le, Listing Office: Beverly Hills Fabulous Estates Inc.
Is El Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, El Monte has remained a Seller's Market.
Key Takeaway
El Monte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in El Monte, CA
How much do homes in El Monte, CA cost?
Median Sold Price
$717,500
$496/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$10,000(-1.4%)
Key Takeaway
Homes in El Monte have sold for 1.4% less than they did a month ago.
Summary: The median home sold price in El Monte was $717,500 in November 2024, down 1.4% from last month, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $667.5K | $577.5K | -13.5% |
| 3 Bedrooms | $772.5K | $742.5K | -3.9% |
| 4 Bedrooms | $925K | $882.5K | -4.6% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: El Monte housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rosemead | $890K | $1.1M | +23.6% |
| El Monte | $727.5K | $717.5K | -1.4% |
Housing Supply in El Monte, CA
How many homes are available in El Monte, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 72 | -11.1% |
Summary: The El Monte real estate market had 72 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 19 | 13 | -31.6% |
| 3 Bedrooms | 37 | 37 | 0.0% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The El Monte housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Monte, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in El Monte in November 2024, down by 36.4% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 21 Days | -33.9% |
Summary: Homes in El Monte had an average of 21 days on market in Nov 2024, down by 33.9% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in El Monte are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in El Monte; 86% of homes were sold within 30 days, 14% 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.