Monrovia Housing Market for the week May 29
This week’s median single family home price in MONROVIA, CA is $475,000. There are currently 123 properties on the market with a wide price range to choose from. The least expensive listing is at $200,000 and the most expensive listing is at $1,900,000. The properties have been on the market for an average of 106 days and 40% of available listings have had a price reduction.
Local conditions are currently quite strongly in the Buyer’s Market zone (below 30). The 90-day Market Action index stands at 18. With several months of inventory available at the current sales rate, buyers should find ample choice.
Get the full report for Monrovia or request a report for other cities in the San Gabriel Valley.
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This week in Monrovia’s Housing Market
This week’s median single family home price in MONROVIA, CA is $478,950. The Inventory has been climbing lately with 116 properties available this week. The properties have been on the market for an average of 129 days. Half of the listings have come newly on the market in the past 91 or so days. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index to gauge whether buyer interest is keeping up with available supply.
Buyer’s market or seller’s market? See the full detailed market report for Monrovia
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