El Monte Real Estate Market Hits Price Cuts Bottom

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:

$499K   $318K   $499K  

Get started right now by checking out El Monte homes for sale or reviewing El Monte real estate trends.

Demographic facts for El Monte:

  • The population density is 11,866.9 people per square mile.
  • The cost of living index score in this area is 131.2. (100 = national average)
  • The average work commute is 30 minutes.

Data reported through 1/11/2017

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