Photo: King of Hearts · CC BY-SA 3.0296 homes sold in Monterey Park in the last year, at a typical $852K
About one sale in 3 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Monterey Park homes are listed.
Every place Monterey Park homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Monterey Park.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Monterey Park’s sales are condos, at $319K less than a house
175 houses and 94 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 175 sold in 12 months
- Per square foot
- $665CA $494
- Days to sell
- 37
- Sold over asking
- 49%
- Listings with a price cut
- 16%
typical sale · 94 sold in 12 months
- Per square foot
- $537CA $561
- Days to sell
- 57
- Sold over asking
- 17%
- Listings with a price cut
- 15%
Multi-family (2–4 units): 10 sold, typical $1.1M
Townhouses: 17 sold, typical $753K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.5 times the 2016 price
296 sales in the last year, against 401 in 2013 and a low of 270 in 2023. The typical sale went from $583K in 2016 to $852K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $850K buys in Monterey Park
Check a listing against what Monterey Park homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Monterey Park are rarer than before the pandemic, with about as many homes for sale
We read every month of Monterey Park’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 296 sales.
If you’re buying in Monterey Park
- Shop in August. It brings about 39 new listings a month, close to the busiest month, with fewer bidding wars (53% over asking).
- Some room to negotiate. 16% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 100.1% of the list price on average; 39% paid over.
- You’ll usually have time. Only 34% of homes go under contract within two weeks; the typical one takes 42 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 47 a month), but June is the most competitive: 55% of June sales close over asking. January has the least competition (40%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like California as a whole
| Monterey Park now | 2017–19 | 2021 peak | CA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 46% | 65% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 34% | 34% | 50% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 13% | 8% | 24% |
| Price paid vs. askingAverage sale price ÷ list price | 100.1% | 100.4% | 103.7% | 99.7% |
| Days to sellMedian days from listing to contract | 42 | 44 | 36 | 44 |
79 homes for sale on a typical day
That’s 1.8 times the 2023 low (44) and about the 2017–19 level.
1 in 6 listings has cut its price
16% in the last year, against 13% in 2017–19 and 24% across California.
Since 2019, houses are up 37%, condos 20%
A house typically sold for $980K in the last year (175 sales), a condo for $661K (94).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Monterey Park ranks 231st of 555 busy California markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Monterey Park is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Monterey Park home costs about $4,935 a month
Price: Monterey Park’s typical sale, last 12 months. Property tax at Monterey Park’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monterey Park is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 20.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $852K home, about $5,880 a year.
Taxes vs. neighborsSchools
The schools grade for Monterey Park, from test results, graduation and how much students grow.
Schools in Monterey ParkTypical commute
The average one-way trip to work for people who live in Monterey Park.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
East Los Angeles and Montebello sell for less a square foot
The busier markets within 25 miles of Monterey Park, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Monterey Park | 296 | $852K | $593 | 39% | 42 |
| Alhambra | 283 | $914K | $632 | 46% | 46 |
| East Los Angeles | 242 | $692K | $498 | 46% | 61 |
| Montebello | 223 | $825K | $516 | 51% | 50 |
| Rosemead | 154 | $934K | $602 | 45% | 53 |
| San Gabriel | 142 | $1.2M | $687 | 52% | 39 |
| South San Gabriel | 23 | $989K | $631 | 39% | 53 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Monterey Park, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monterey Park. People who follow the town see it, and so do people comparing Monterey Park with their own town. No commission, no listing fee.
Questions about buying a home in Monterey Park
What do homes sell for in Monterey Park, CA?
296 homes sold in the year to May 2026 at a typical $852K, $593 a square foot. Houses sold for about $980K, condos for about $661K.
Is Monterey Park a buyer’s or seller’s market?
A balanced market: 80 homes were for sale in May 2026 and 20 sold, about 4 months of supply. Buyers paid 100.1% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Monterey Park?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monterey Park?
About 0.7% of a home’s value a year. On a $852K home that’s near $5,880.
Where can I see homes for sale in Monterey Park?
Zillow, Redfin, Realtor.com and Homes.com all carry Monterey Park’s MLS listings; the search links above open each one filtered to Monterey Park.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).