Justin Tye

Monterey Park, CA

Single-Family Homes

Active Realty I REAL



Monterey Park, CA

Fri May 24 2024
This week the median list price for Monterey Park, CA is $1,024,900 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has increased to 20. Click here to stay informed with the Monterey Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Monterey Park, CA

Fri May 24 2024
This week the median list price for Monterey Park, CA is $1,024,900 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has increased to 20. Click here to stay informed with the Monterey Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Monterey Park market.
Median List Price $1,024,900
Median Price of New Listings $1,034,500
Per Square Foot $691
Average Days on Market 33
Median Days on Market 7
Price Decreased 5%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 76
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,375,000 2,235 8,000 - 10,000 sqft 4 3 47 3 1 0
$1,188,000 1,628 0.25 - 0.5 acre 4 2 73 2 1 7
$975,000 1,556 6,500 - 8,000 sqft 3 2 67 3 3 7
$874,500 1,068 8,000 - 10,000 sqft 3 1 73 2 2 7