Local Market Report

Monrovia, CA

Single-Family Homes



Monrovia, CA

Wed Oct 20 2021
This week the median list price for Monrovia, CA is $959,000 with the market action index hovering around 70. This is an increase over last month's market action index of 68. Inventory has decreased to 21. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Monrovia, CA

Wed Oct 20 2021
This week the median list price for Monrovia, CA is $959,000 with the market action index hovering around 70. This is an increase over last month's market action index of 68. Inventory has decreased to 21. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Monrovia market.
Median List Price $959,000
Median Price of New Listings $849,000
Per Square Foot $600
Average Days on Market 51
Median Days on Market 21
Price Decreased 24%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent $3,760
Market Action 70
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,188,000 4,154 1 - 2.5 acres 5 3 96 1 0 14
$1,149,000 1,949 0.25 - 0.5 acre 3 3 85 1 1 21
$899,000 1,748 4,500 - 6,500 sqft 3 2 68 1 3 28
$776,500 1,120 6,500 - 8,000 sqft 3 1 72 3 2 17