Monrovia Housing Market Report – March 2026
Here's a look at how the Monrovia, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 22
- Median Sale Price: $940,000
- Average Sale Price: $958,931
- Average Price Per Sq Ft: $589
- Average Days on Market: 79
- Sale-to-List Price Ratio: 99.8%
Month-Over-Month Trends
Compared to February, the median sale price in Monrovia moved 22.0% down (from $1,205,500 to $940,000). The number of homes sold was 22.2% up compared to the prior month (18 vs. 22). Average days on market shifted 79.5% up (44 days to 79 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 17.8% down (from $1,144,000 to $940,000). Sales volume is 15.8% up year-over-year.
What This Means
March brought some mixed signals to Monrovia's housing market, with encouraging sales activity offset by a notable cooling in prices. The 22% month-over-month drop in median price—from $1.2 million to $940,000—is significant, though monthly swings can be volatile depending on which properties happened to close. What's more telling is the year-over-year decline of 17.8%, suggesting genuine softening rather than just seasonal variation. This aligns with broader San Gabriel Valley trends as buyers contend with elevated mortgage rates and stretched affordability in the mid-to-upper price range.
The positive news is that homes are moving. Sales volume jumped 22% month-over-month and 15.8% year-over-year, and properties are still selling near asking price at 99.8%—a sign that realistic pricing attracts buyers. However, days on market nearly doubled to 79 days, indicating less urgency than last year. This suggests a shift toward a more balanced market where buyers have time to shop and negotiate rather than competing in bidding wars.
With 65 active listings and median asking prices around $1.13 million, sellers may need patience. The inventory increase gives buyers real choice, but it also means homes aren't disappearing quickly. For those looking to buy in Monrovia, it's becoming a more favorable environment, though prices haven't hit dramatic lows.
Monrovia Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91016 | 22 | $940,000 | $589 | 79 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 10 | $1,056,500 | $719 |
| MULTI_FAMILY | 4 | $1,293,500 | $293 |
| TOWNHOMES | 3 | $810,000 | $489 |
| CONDOS | 2 | $620,000 | $472 |
| MOBILE | 1 | $251,000 | $155 |
| LAND | 1 | $5,000 | N/A |
| CONDO | 1 | $900,000 | $566 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $200K - $299K | 1 |
| $500K - $749K | 4 |
| $750K+ | 16 |
Current Active Listings
As of this report, there are 65 active listings in Monrovia with a median asking price of $1,131,800 and an average of 56 days on market.
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