Montebello, CA Home Values & Market Trends
Real estate market trends reflect that there have been 465 transactions over the past year in Montebello. The median value for residential home transactions that occurred over the previous year is $757,805.29. The number of current listings in Montebello is 25, and the percentage of properties for sale in the city is 25.00%. Montebello, CA currently has 43 properties in foreclosure, 1 bank owned properties, 17 properties headed for auction, and 25 properties for sale.
Montebello, CA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
90640 | $ 699,500 $ 503/sqft |
Housing Market Summary for Montebello, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $692.5K | $760.8K | 9.86% |
Median Sold Price | $764.1K | $760.8K | -0.44% |
Homes For Sale | 22 | 23 | 4.55% |
Homes Sold | 354 | 364 | 2.82% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Montebello, CA
Browse Homes in Montebello, CA
Montebello home values range from $192,880 to $3,221,000. The median estimated value of a home in Montebello is $757,805.29. The median list price of a home is 735,000, and the total count of properties in the city is 10,987.
- Pre-ForeclosurePre-foreclosure homes account for 0.23% of all residential properties in Montebello, CA with 90640 containing 25 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Montebello, CA; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,347,000 in 90640 to the lowest home value of $443,700 in 90640.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Montebello, CA ranges from the highest value of $955,750 in 90640 to the lowest value of $955,750 in 90640. Bank owned homes and properties account for 0.01% of properties in Montebello, CA. There is 1 zips within Montebello, CA; 90640 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions90640 has 17 auction properties, the highest number of properties going to auction in a single zip in the state of Montebello, CA. Auction homes and other auction properties account for 0.15% of all properties in Montebello, CA. There is 1 zips within Montebello, CA; of that zips, the median estimated home value for homes going to auction ranges from $1,695,000 in 90640 to the lowest value of $445,000 in 90640.
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Guide for Montebello, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.