Spanish soldiers and missionaries passing by in the late 1700s to early 1800s called the area “El Monte”, which in Spanish means 'the mountain' or 'the mount'. Seeing that were no mountains in the valley it’s believed that the word is of an archaic Spanish translation of that era, meaning "the wood".
El Monte was a stopping place for the American immigrants going to the gold fields during the California Gold Rush and immigrant settlement began in 1849. The first permanent residents arrived in El Monte mostly from Missouri, Texas and Arkansas.
Since 1970 the population has increased by more than 40% with homes replacing the walnut groves for which the city was known. El Monte has an estimated population of 116,109 per the 2017 US Census Bureau. Situated 12 miles east of downtown Los Angeles, the city spans 9.5 square miles.
Today, El Monte is home to many large retail businesses such as Longo Toyota, Home Depot and Sam's Club. Other major industries include the Wells Fargo Operations Center, Von's Distribution Warehouse, and regional offices for East West and Cathay Banks.
The City has its own police department and contracts with the Los Angeles County Fire Department for fire services and emergency medical response.
Welcome to our new Market Report for El Monte California. This page display a condensed view of active, under contract, and sold home listings. Aggregate data - averages such as list price and days on market - are also displayed for each section. A market report represents a moment-in-time snapshot of the market. It is updated daily and goes back 30 days. Bookmark this page for the freshest real estate data and trends available directly from the Multiple Listing Service (MLS).
If you'd like to receive monthly market report emails with a link to an updated market report, just click on Sign Up for Monthly Reports button above. You can also create your own Customized Market Report for any Los Angeles county area or neighborhood by clicking Create Your Own Market Report above.
So here you go... and let us know what you think!
Active Properties: Homes that are currently being marketed for sale but do not have a purchase agreement.
- Days on Market (DOM): Number of days the property has been on the market.
- List Price: The price that a home seller is currently asking.
LEARN MORE: How to Buy a House
Properties Under Contract (Pending and Back Up Status): Listings for which a contract has been signed and the property is in escrow. These homes can be looking for back up offers or all the contingencies have been removed by the buyer making it a very solid transaction. The actual contract price does not become public record until the property has sold and the new owner information has been recorded.
- Days on Market (DOM): The marketing period of the property before a sales agreement was signed.
Sold Properties: Properties that have closed in the last 30 Days.
- Sold Price: The price for which a property sold.