Local Market Report

Monrovia, CA

Single-Family Homes



Monrovia, CA

Tue Sep 27 2022
This week the median list price for Monrovia, CA is $1,100,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 35. 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 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.

Monrovia, CA

Tue Sep 27 2022
This week the median list price for Monrovia, CA is $1,100,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 35. 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 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 Monrovia market.
Median List Price $1,100,000
Median Price of New Listings $987,950
Per Square Foot $684
Average Days on Market 39
Median Days on Market 28
Price Decreased 51%
Price Increased 3%
Relisted 6%
Inventory 35
Median Rent
Market Action 51
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
$1,624,000 3,231 0.25 - 0.5 acre 4 3.5 53 0 0 35
$1,285,000 1,638 6,500 - 8,000 sqft 3 2 64 1 1 21
$984,900 1,518 6,500 - 8,000 sqft 3 2 73 2 1 28
$765,000 999 4,500 - 6,500 sqft 3 1 68 1 1 56