Monrovia, CA Real Estate for Sale

In May 2025, Monrovia’s housing market experienced significant growth, with the median home price rising 29.4% year-over-year to $1.1M, reflecting strong demand and increased interest in higher-end properties. Homes are also selling faster, averaging 36 days on the market compared to 47 days last year, indicating heightened buyer urgency. Additionally, sales activity increased slightly, with 21 homes sold this May versus 19 during the same period last year. This combination of higher prices, quicker sales, and rising transaction volume underscores a competitive and active market, particularly for well-located and move-in-ready homes.

Monrovia remains a very competitive market, with homes typically going pending in about 32 days. Many properties attract multiple offers, and some buyers are waiving contingencies to secure desirable listings. On average, homes sell for around 2% above list price, reflecting strong buyer demand. Hot homes—particularly those in prime locations or recently updated—can sell for as much as 7% above asking and go under contract in as little as 20 days, highlighting the urgency for buyers to act quickly in this market.

As of June 2025, Monrovia, CA is firmly a seller’s market, with buyer demand exceeding the number of available homes. This imbalance is driving competitive conditions, where well-priced homes often receive multiple offers and sell quickly, frequently above asking price. With limited inventory, sellers have the advantage of strong negotiating power and the ability to secure favorable terms. Buyers, on the other hand, face increased competition and must act decisively—often submitting aggressive offers or waiving contingencies—to secure desirable properties in this high-demand market.