Is South El Monte, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South El Monte has remained a Seller's Market.
Housing Prices in South El Monte, CA
How much do homes in South El Monte, CA cost?
Median Sold Price
$725,500
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South El Monte was $725,500 in April 2024, up 1.3% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $640K | $1.0M | +64.1% |
3 Bedrooms | $680K | $725K | +6.6% |
4 Bedrooms | $850K | $740K | -12.9% |
5+ Bedrooms | $877K | $860K | -1.9% |
Summary: South El Monte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 64.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Rosemead | $785K | $850K | +8.3% |
El Monte | $670K | $715K | +6.7% |
Upper San Gabriel Valley | $938.1K | $990.9K | +5.6% |
Southwest San Gabriel Valley | $818.3K | $860K | +5.1% |
South El Monte | $716.5K | $725.5K | +1.3% |
Housing Supply in South El Monte, CA
How many homes are available in South El Monte, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The South El Monte real estate market had 15 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South El Monte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South El Monte in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for South El Monte, CA
How long does it take to sell a home in South El Monte, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 41 Days | +150.0% |
Summary: Homes in South El Monte had an average of 41 days on market in Apr 2024, up by 150% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in South El Monte; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.