Local Market Report

Monrovia, CA

Single-Family Homes



Monrovia, CA

Fri May 27 2022
This week the median list price for Monrovia, CA is $885,000 with the market action index hovering around 90. This is about the same as last month's market action index of 90. Inventory has held steady at or around 14. Click here to stay informed with the Monrovia market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Monrovia, CA

Fri May 27 2022
This week the median list price for Monrovia, CA is $885,000 with the market action index hovering around 90. This is about the same as last month's market action index of 90. Inventory has held steady at or around 14. Click here to stay informed with the Monrovia market!

Market Action Index

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

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Monrovia market.
Median List Price $885,000
Median Price of New Listings $802,000
Per Square Foot $650
Average Days on Market 39
Median Days on Market 11
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent
Market Action 90
Strong Seller's Market

Despite this week’s down 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
$1,980,000 3,285 0.5 - 1 acre 5 4 74 1 0 7
$1,498,000 2,214 6,500 - 8,000 sqft 4 3 100 0 2 35
$823,500 1,266 8,000 - 10,000 sqft 3 1.5 66 3 2 0
$710,000 1,132 4,500 - 6,500 sqft 3 1 74 3 1 17