Is Montebello, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montebello is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Montebello has remained a Seller's Market.

Key Takeaway

Montebello is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montebello, CA

How much do homes in Montebello, CA cost?

Median Sold Price

$816,495

$495/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$95,995(+13.3%)

Key Takeaway

Homes in Montebello have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Montebello was $816,495 in November 2024, up 13.3% from last year, and the median price per square foot was $495.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $372.5K$330K
-11.4%
2 $597.5K$559K
-6.4%
3 $716.7K$803K
+12.0%
4 $785K$902.5K
+15.0%
5+ $973.7K$1.2M
+25.5%

Summary: Montebello housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 25.5%.

Median Sold Price Compared To Nearby Cities

Montebello
+13.3%
Southwest San Gabriel Valley
+9.5%
Pico Rivera
+8.9%
Monterey Park
+8.1%

Housing Supply in Montebello, CA

How many homes are available in Montebello, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8164-21.0%

Summary: The Montebello real estate market had 64 homes for sale in November 2024, a 21.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1818
0.0%
3 2718
-33.3%
4 1913
-31.6%
5+ 1412
-14.3%

Summary: The Montebello housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1917-10.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montebello, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Montebello in November 2024, down by 10.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 6% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
18 Days31 Days+65.0%

Summary: Homes in Montebello had an average of 31 days on market in Nov 2024, up by 65% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montebello are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in Montebello; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Montebello, CA

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