Monrovia Home Prices & Values

$572,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.6% 1-year change
  • 9.9% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Monrovia is $572,300. Monrovia home values have gone up 16.6% over the past year and Zillow predicts they will rise 9.9% within the next year. The median list price per square foot in Monrovia is $413, which is higher than the Los Angeles Metro average of $341. The median price of homes currently listed in Monrovia is $589,000 while the median price of homes that sold is $564,500. The median rent price in Monrovia is $1,850, which is lower than the Los Angeles Metro median of $2,070.

Foreclosures will be a factor impacting home values in the next several years. In Monrovia 2.1 homes are foreclosed (per 10,000). This is the same as the Los Angeles Metro value of 2.1 and also lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Monrovia is 4.9%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Monrovia homeowners underwater on their mortgage is 7.1%, which is lower than Los Angeles Metro at 11.6%.

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Relative ZHVI
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Monrovia Market Overview

Data through May 31, 2014
  • $572,300 ZHVI
  • 9.9% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $589,000 Median listing price
  • $564,500 Median sale price
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Monrovia Market Health

Data through May 31, 2014
  • 9.7/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 7.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.9% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.1 homes Monrovia
2.1 homes Los Angeles Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Arcadia $1,010,600 Sierra Madre $817,500 Temple City $660,300
San Gabriel $641,700 Duarte $414,900 El Monte $401,600
West Puente Valley $354,800 Azusa $348,200 Baldwin Park $343,400

Listings & Sales

Data through May 31, 2014
  • $413 Median list price / sq ft
  • $410 Median sale price / sq ft
  • 15.7% Listings with price cut
14.0%
Sold below listing
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Monrovia Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,250 Monrovia
$2,369 Los Angeles Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,850 Rent list price
  • $1.55 Rent list price / sq ft
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