The El Monte market added another 28 transactions over the last 30 days. With 10 price reductions, the lowest amount since last January, the market may be finding a price bottom. During the same time frame, Arcadia had the most of any other neighboring municipalities with 20 price reductions. The median sales price dropped to $456,450 over the latest reporting period for El Monte, down from $457,000. Despite the falling contracts numbers, there are only three months of inventory remaining, indicating that El Monte is a still seller's market.
If you're looking for a more established home, then be sure to see these listings in El Monte that were built before most others in the market:
Get started right now by checking out El Monte homes for sale or reviewing El Monte real estate trends.