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 40 days.
- Hot homescan sell for about 5% 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 around list price and go pending in around 42 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 34 days.
- Hot homescan sell for about 10% above list price and go pending in around 23 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
- $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
- $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
- $790,000 Last Sold Price3 beds1 bath1,115 sq ft1956 S Isabella Ave, Monterey Park, CA 91754List Price$787,888Sale to List0% over listDays on Market70 days1956 S Isabella Ave, Monterey Park, CA 91754
- $1,200,000 Last Sold Price5 beds3 baths2,689 sq ft1315 Dorner Dr, Monterey Park, CA 91754List Price$1,150,000Sale to List4% over listDays on Market30 days1315 Dorner Dr, Monterey Park, CA 91754
- $1,020,000 Last Sold Price4 beds3 baths1,932 sq ft1466 Kempton Ave, Monterey Park, CA 91755Kodmann, Inc.List Price$1,049,000Sale to List3% under listDays on Market35 days1466 Kempton Ave, Monterey Park, CA 91755
- $860,000 Last Sold Price3 beds2 baths1,864 sq ft220 W Markland Dr, Monterey Park, CA 91754List Price$899,000Sale to List4% under listDays on Market34 days220 W Markland Dr, Monterey Park, CA 91754
- $518,0002 beds2 baths989 sq ft321 N Orange Ave #202, Monterey Park, CA 91755Days on Market—321 N Orange Ave #202, Monterey Park, CA 91755
- $1,068,000 Last Sold Price4 beds3 baths2,044 sq ft619 N Lincoln Ave N, Monterey Park, CA 91755List Price$1,048,000Sale to List2% over listDays on Market45 days619 N Lincoln Ave N, Monterey Park, CA 91755
See all recently sold homes in Monterey Park.
See listings
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®
More real estate resources for Monterey Park
New Listings in Monterey Park
Zip Code Housing Markets
Neighborhood Housing Markets
Nearby City Housing Markets
Zip Code Listings
Neighborhood Listings
Nearby City Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.