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 34 days. The median sale price of a home in Monterey Park was $878K last month, up 7.0% since last year. The median sale price per square foot in Monterey Park is $570, up 2.2% since last year.
Monterey Park Housing Market Trends
In April 2024, Monterey Park home prices were up 7.0% compared to last year, selling for a median price of $878K. On average, homes in Monterey Park sell after 34 days on the market compared to 22 days last year. There were 24 homes sold in April this year, up from 15 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 37 days.
- Hot homescan sell for about 5% above list price and go pending in around 18 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 39 days.
- Hot homescan sell for about 5% 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 34 days.
- Hot homescan sell for about 9% above list price and go pending in around 21 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.
- 79% 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 | Feb '24 - Apr '24 | ||
1 | 3,710 | ||
2 | 1,664 | ||
3 | 544 | ||
4 | 476 | ||
5 | 10 | ||
6 | 8 | ||
7 | 7 | ||
8 | 6 | ||
9 | 5 | ||
10 | 4 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 12,011 | ||
2 | 6,396 | ||
3 | 4,013 | ||
4 | 3,719 | ||
5 | 2,588 | ||
6 | 1,943 | ||
7 | 1,932 | ||
8 | 1,480 | ||
9 | 1,439 | ||
10 | 1,371 |
Home offer insights for Monterey Park
Recent offers
- Offer Not Accepted|7 Weeks Ago~$800K OfferSold for $900K4 bd | 2.5 ba | ~1,500 sqftUnder List Price11%Days on Market50Competing Offers—OfferAll Cash
- Offer Not Accepted|7 Weeks Ago~$600K OfferSold for $750K2 bd | 1 ba | ~750 sqftOver List Price3%Days on Market3Competing Offers—OfferAll Cash
View houses in Monterey Park that sold recently
Recently sold homes
- $1,083,000 Last Sold Price4 beds3 baths2,013 sq ft621 N Lincoln Ave, Monterey Park, CA 91755List Price$1,088,000Sale to List0% under listDays on Market41 days621 N Lincoln Ave, Monterey Park, CA 91755
- $728,000 Last Sold Price2 beds2.5 baths1,153 sq ft419 N Chandler Ave #605, Monterey Park, CA 91754List Price$738,000Sale to List1% under listDays on Market160 days419 N Chandler Ave #605, Monterey Park, CA 91754
- $1,240,000 Last Sold Price3 beds2 baths1,524 sq ft1152 Wandering Dr, Monterey Park, CA 91754Berkshire Hathaway HomeServices California PropertiesList Price$1,148,000Sale to List8% over listDays on Market24 days1152 Wandering Dr, Monterey Park, CA 91754
- $864,000 Last Sold Price2 beds1 bath896 sq ft2013 Vancouver Ave, Monterey Park, CA 91754List Price$799,000Sale to List8% over listDays on Market28 days2013 Vancouver Ave, Monterey Park, CA 91754
- $755,000 Last Sold Price2 beds2.5 baths1,153 sq ft419 N Chandler Ave #508, Monterey Park, CA 91754List Price$760,000Sale to List1% under listDays on Market156 days419 N Chandler Ave #508, Monterey Park, CA 91754
- $1,032,000 Last Sold Price3 beds2 baths1,628 sq ft1778 Laurel Dr, Monterey Park, CA 91755List Price$949,000Sale to List9% over listDays on Market22 days1778 Laurel Dr, Monterey Park, CA 91755
- $1,200,000 Last Sold Price4 beds3 baths2,006 sq ft1818 S Grandridge Ave, Monterey Park, CA 91754List Price$1,199,000Sale to List0% over listDays on Market166 days1818 S Grandridge Ave, Monterey Park, CA 91754
- $930,000 Last Sold Price3 beds2 baths1,483 sq ft719 El Mercado Ave, Monterey Park, CA 91754COLDWELL BANKER GEORGE REALTYList Price$899,000Sale to List3% over listDays on Market44 days719 El Mercado 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 Duff Language Magnet Academy Public • K-6 | 138 Students | N/A |
9/10 Brightwood Elementary School Public • K-8 | 876 Students | 12 reviews |
8/10 Monterey Highlands Elementary School Public • K-8 | 991 Students | 17 reviews |
8/10 Potrero Heights Elementary School Public • K-5 | 406 Students | 10 reviews |
8/10 Monterey Vista Elementary School Public • K-6 | 546 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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