The area of Montebello was originally home to the Tongva, Native Americans. Because the language of the Tongva was different from the neighboring tribes it was called "Gabrielino" by the Spanish, who arrived in 1542. By 1870, the area had few remaining indigenous inhabitants as disease brought by the increasing numbers Europeans arriving and settling, killed many of the Tongva.
Originally an agricultural community, Montebello was formerly known for its production of flowers, berries, fruits, and vegetables. The city was incorporated in 1920, and its name officially changed from “Newark” to "Montebello", meaning beautiful mountain in Spanish. The city's official seal contains a red poinsettia in the center, in honor of Montebello's agricultural roots.
In 1917, The Standard Oil Company discovered oil in the Montebello hills, which changed the look of the city. Hills full of agriculture became oil fields. Over the next years, the hills were filled with producing oil wells. Eventually, the oil taken from the soil in Montebello would produce one-eighth of the unrefined oil in California.
Located in the southwestern area of the San Gabriel Valley, 8 miles east of downtown Los Angeles, Montebello has an estimated population of 63,192, per US Census 2017. The median income in 2017 was $50,312.
Welcome to our new Market Report for Montebello 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).
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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.