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Featured local agent — Monterey Park, CA
Sarah Mitchell
Compass Real Estate · Monterey Park, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monterey Park, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$900,000median sale price
How is the Monterey Park, CA housing market right now?
The median home sale price in Monterey Park, CA is $900,000, up 5.3% year-over-year. Homes sell in an average of 43 days with 80 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Monterey Park a buyer's or seller's market?
Monterey Park, CA is currently a balanced market, based on 4.0 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
43
Average pace
Active listings
80
4.0 months supply
Sale-to-list
100.3%
Above asking
What does the Monterey Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $900,000 |
| Median list price | $928,000 |
| Year-over-year price change | +5.3% |
| Average days on market | 43 days |
| Active inventory | 80 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $593/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 45 |
| Listings with a price cut | 16.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Monterey Park by property type?
How the Monterey Park, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $959,000 | $676/sq ft | 14 | 39 days |
| Condo / Co-op | $555,000 | $573/sq ft | 5 | 43 days |
| Townhouse | $735,000 | $500/sq ft | 1 | 38 days |
Source: Redfin · Updated monthly
The Monterey Park housing market is currently classified as a balanced market with a median sale price of $900,000. Prices have risen 5.3% compared to last year, with homes spending an average of 43 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 12.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Monterey Park
There are currently 80 homes listed for sale in Monterey Park, California. The median listing price is $928K.
Active listings
80
Homes on market
Median list price
$928K
Avg. days on market
43
Days until sale
New this week
45
Newly listed
Who lives in Monterey Park?
Population
59,639
Median income
$77,605/yr
Median age
45.5 years
Owner-occupied
51.9%
College grads
34.9%
Avg commute
29.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Monterey Park?
Zillow home value
$932,302
Zillow rent index
$2,489/mo
Price-to-rent ratio
31.2x
Price-to-income
12.0x
Source: Zillow Research
What is it like to live in Monterey Park?
Monterey Park is a community of approximately 60K residents with a median age of 45.5 years.The median household income is $77,605, which reflects a relatively affluent area with strong earning potential. 34.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 51.9%, showing a blend of owner and renter-occupied properties. The average commute time is 29.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Monterey Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monterey Park?
9 schools tracked · 5,452 students
The largest public schools serving Monterey Park, CA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Monterey Highlands Elementary
Grades K-8 · 919 students
Brightwood Elementary
Grades K-8 · 789 students
Ynez Elementary
Grades K-8 · 712 students
Repetto Elementary
Grades K-8 · 704 students
Macy Intermediate
Grades 6-8 · 551 students
Monterey Vista Elementary
Grades K-6 · 551 students
Bella Vista Elementary
Grades K-5 · 526 students
Hillcrest Elementary
Grades K-6 · 436 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Monterey Park, CA?
Want a head-to-head view? Compare Monterey Park side-by-side with any other U.S. city using our market-comparison tool.
Is Monterey Park a good real estate investment market?
For investors evaluating Monterey Park, the price-to-rent ratio of 31.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Monterey Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Monterey Park's median home price.
Frequently asked questions
What is the average home price in Monterey Park?
The median home sale price in Monterey Park is $900,000, up 5.3% from last year.
How long do homes stay on market in Monterey Park?
Homes typically spend 43 days on market before going under contract.
What is the median income in Monterey Park?
The median household income is $77,605 per year.
Is Monterey Park a buyer's or seller's market?
With 4.0 months of supply, Monterey Park is currently a balanced market.
What is the Zillow home value estimate for Monterey Park?
The Zillow Home Value Index (ZHVI) for Monterey Park is $932,302, representing the typical home value in the area.
What is the median condo price in Monterey Park?
The median condo/co-op sale price in Monterey Park, CA is $555,000, compared to $959,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Monterey Park?
The median single-family home price in Monterey Park, CA is $959,000 (about $676 per square foot).
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