Monrovia Housing Market Report – May 2026
Here's a look at how the Monrovia, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 27
- Median Sale Price: $1,010,000
- Average Sale Price: $1,100,718
- Average Price Per Sq Ft: $667
- Average Days on Market: 76
- Sale-to-List Price Ratio: 101.3%
Month-Over-Month Trends
Compared to April, the median sale price in Monrovia moved 3.6% up (from $975,250 to $1,010,000). The number of homes sold was 22.7% up compared to the prior month (22 vs. 27). Average days on market shifted 26.7% up (60 days to 76 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 8.2% down (from $1,100,000 to $1,010,000). Sales volume is 17.4% up year-over-year.
What This Means
Monrovia's housing market is showing mixed signals this May. While sales volume jumped to 27 homes, this uptick likely reflects improved data collection rather than genuine momentum—prior months appear incomplete due to a recent tracking fix. The more telling indicator is pricing: the median hit $1,010,000, up 3.6% from April but down 8.2% year-over-year. That year-over-year decline suggests cooling demand compared to spring 2025, though the month-to-month bump hints at typical seasonal strengthening as we move into summer.
Days on market have crept up to 76 from 60 a month ago, signaling homes aren't moving as quickly despite the strong 101.3% sale-to-list ratio. This paradox likely reflects current interest rates and buyer hesitation—properties are commanding asking prices, but fewer qualified buyers are competing for them. The pipeline of 83 active listings with a median ask of $1,199,000 suggests inventory remains reasonable, though the gap between asking and selling prices hints at negotiation room.
Overall, Monrovia feels stable but unexciting. Prices are holding relatively steady, homes are selling near asking, but the slower days-on-market and year-over-year price decline point to a normalized market after last spring's surge. Sellers should price realistically and prepared for a longer showing period.
Monrovia Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91016 | 27 | $1,010,000 | $667 | 76 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 17 | $1,100,000 | $714 |
| MULTI_FAMILY | 5 | $1,010,000 | $636 |
| TOWNHOMES | 3 | $765,888 | $510 |
| CONDO | 1 | $678,000 | $538 |
| CONDOS | 1 | $550,000 | $556 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 3 |
| $750K+ | 24 |
Current Active Listings
As of this report, there are 83 active listings in Monrovia with a median asking price of $1,199,000 and an average of 53 days on market.
Thinking About Selling Your Monrovia Home?
If you're a homeowner in Monrovia considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Monrovia and throughout Los Angeles County — get a no-obligation cash offer today.