Monrovia Homes for Sale & Real Estate Listings

In November 2024, Monrovia home prices experienced a steady increase, rising 7.5% from the previous year to a median price of $1.1 million. Homes are selling slightly faster than last year, with an average of 32 days on the market compared to 33 days in November 2023, indicating consistent buyer interest. Additionally, market activity has picked up, with 20 homes sold this November compared to 14 the previous year. This rise in both prices and sales volume suggests a growing demand for Monrovia properties, making it an appealing market for both buyers and sellers.

Monrovia's housing market is highly competitive, with homes typically selling within 36 days. Many properties attract multiple offers, with some buyers waiving contingencies to strengthen their bids. On average, homes sell for about 1% above the list price and go under contract in approximately 36 days. However, "hot" homes in high demand can sell for as much as 4% above the list price and often go pending in just 23 days, highlighting the fast-paced nature of the market. Buyers should act quickly, while sellers can take advantage of this competitive environment to maximize their returns.

In November 2024, Monrovia, CA, is firmly in a seller's market, where the demand for homes significantly outweighs the available inventory. This creates a competitive environment where buyers often face bidding wars and faster-moving sales. For sellers, it’s an excellent opportunity to capitalize on strong demand and potentially secure higher offers or favorable terms. Buyers should be prepared to act quickly and strategically in this high-demand market.