8 homes in zoned to Monterey Hills Elementary
South Pasadena, CA

About South Pasadena: Monterey Hills Elementary is located in South Pasadena. South Pasadena is a city in the San Gabriel Valley of Los Angeles County, California, United States. As of the 2020 census, it had a population of 26,943, up from 25,619 at the 2010 census.
These are homes for sale inside the attendance boundary for Monterey Hills Elementary in South Pasadena (Topfind School Score: 10/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 8 active listings.
Topfind Market Read
The picture is mixed here. There is only 2.7 months of supply, yet 38% of sellers have trimmed their asking price, and 62% of current listings have been up for more than 30 days, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$2.40M
↓ 11% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.7 months of supply
Tight Supply8 active listings against the current sales pace works out to about 2.7 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~48 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Monterey Hills Elementary Area
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
44%
Homeowners
56%
Renters
Homeownership is 11.5 points lower than the California average (55.5%)
10,413 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $243K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$1.3M)
Price Reductions
3 listings have reduced their price
38% of active listings
Average reduction: 6.2% (~$149K)
Browse homes for sale in cities near South Pasadena
There are currently 8 homes for sale in Monterey Hills Elementary Area, ranging from $1,649,900 to $3,800,000. 1 of them hit the market within the last week.
The median list price in Monterey Hills Elementary Area is $2,400,000. Price per square foot averages $747. Prices are down 11.3% compared to a year ago.
Homes in Monterey Hills Elementary Area currently average 48 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.