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 $875K last month, up 6.7% since last year. The median sale price per square foot in Monterey Park is $629, up 4.2% since last year.
Monterey Park Housing Market Trends
In April 2024, Monterey Park home prices were up 6.7% compared to last year, selling for a median price of $875K. On average, homes in Monterey Park sell after 34 days on the market compared to 22 days last year. There were 23 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 3% above list price and go pending in around 35 days.
- Hot homescan sell for about 7% above list price and go pending in around 16 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 30 days.
- Hot homescan sell for about 9% above list price and go pending in around 20 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 | Mar '24 - May '24 | ||
1 | 3,361 | ||
2 | 1,791 | ||
3 | 276 | ||
4 | 32 | ||
5 | 16 | ||
6 | 16 | ||
7 | 11 | ||
8 | 11 | ||
9 | 6 | ||
10 | 6 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 12,739 | ||
2 | 6,357 | ||
3 | 3,917 | ||
4 | 3,856 | ||
5 | 2,554 | ||
6 | 2,168 | ||
7 | 1,978 | ||
8 | 1,646 | ||
9 | 1,611 | ||
10 | 1,528 |
Home offer insights for Monterey Park
Recent offers
- Offer Not Accepted|9 Weeks Ago~$800K OfferSold for $900K4 bd | 2.5 ba | ~1,500 sqftUnder List Price11%Days on Market50Competing Offers—OfferAll Cash
- Offer Not Accepted|9 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
- $1,325,000 Last Sold Price4 beds2 baths1,628 sq ft489 Campo St, Monterey Park, CA 91754Keller Williams RealtyList Price$1,188,000Sale to List12% over listDays on Market22 days489 Campo St, Monterey Park, CA 91754
- $1,123,888 Last Sold Price4 beds4 baths1,969 sq ft620 Sefton Ave, Monterey Park, CA 91755List Price$1,098,000Sale to List2% over listDays on Market48 days620 Sefton Ave, Monterey Park, CA 91755
- $770,000 Last Sold Price3 beds2.5 baths1,334 sq ft130 N Moore Ave Unit E, Monterey Park, CA 91754List Price$750,000Sale to List3% over listDays on Market21 days130 N Moore Ave Unit E, Monterey Park, CA 91754
- $638,000 Last Sold Price1 bed1.5 baths844 sq ft419 N Chandler Ave #601, Monterey Park, CA 91754List Price$638,000Sale to List0% over listDays on Market139 days419 N Chandler Ave #601, Monterey Park, CA 91754
- $900,000 Last Sold Price3 beds2 baths1,442 sq ft1137 Ridgecrest St, Monterey Park, CA 91754List Price$930,000Sale to List3% under listDays on Market39 days1137 Ridgecrest St, Monterey Park, CA 91754
- $1,025,000 Last Sold Price3 beds2 baths1,556 sq ft737 Ackley St, Monterey Park, CA 91755List Price$975,000Sale to List5% over listDays on Market21 days737 Ackley St, Monterey Park, CA 91755
- $1,160,0002 beds1 bath777 sq ft216 N Rural Dr Unit B, Monterey Park, CA 91755List Price—Sale to List—Days on Market—216 N Rural Dr Unit B, Monterey Park, CA 91755
- $775,000 Last Sold Price3 beds1 bath1,130 sq ft2065 Woods Ave, Monterey Park, CA 91754List Price$740,000Sale to List5% over listDays on Market33 days2065 Woods Ave, Monterey Park, CA 91754
See all recently sold homes in Monterey Park.
See listings
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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