Monterey Park Apartment Homes Market Update – February 28, 2026
Market Highlights (as of February 28, 2026)
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Average Sold Price: Over the past 12 months, apartment-style homes in Monterey Park have achieved an average sold price of about $237,214.
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Average Days on Market: A more drawn-out time on market, with some homes needing extra exposure before they sell shows up in an average time on market of roughly 72 days from list to firm sale.
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Odds of Selling: With 7 listings sold, 0 pending, and 5 not sold, the likelihood of a listing selling for apartment-style homes in Monterey Park over this period works out to about 58.3%.
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Monthly Selling Rate: The market has been processing apartment-style homes at a rate of about 0.6 apartment sales per month in Monterey Park.
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Months of Inventory: At roughly 1.7 months of inventory, drawn from 1 active listings and the recent selling pace, supply feels lean, so serious buyers often focus closely when the right home appears.
To see how these local trends compare to current inventory and pricing across the city, you can view all Calgary apartment homes for sale.
Time to Sell
The Time to Sell chart plots individual apartment sales in Monterey Park by days on market and sold price over the past 12 months, from 2025-02-28 to 2026-02-28. Each point represents one sold listing, with days on market on the horizontal axis and sold price on the vertical axis, plus reference lines showing the average sold price and a typical time on market for this segment.
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Looking at the past year, apartment homes in this area have usually taken around 72 days to reach a firm sale. That’s a useful timeline to keep in mind when you’re planning your own move.
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Sales that completed in less than about 38 days sit on the faster side of the chart and often reflect well-prepared listings that were aligned with recent pricing, while sales that took longer than roughly 94.5 days illustrate cases where extra time was needed before the right buyer and price match came together.
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Across this period, the average sold price for apartment homes in Monterey Park has been near $237,214, and points that sit well to the right of the typical days-on-market line highlight situations where pricing, condition, or more specialized features required additional exposure before a firm sale.
Odds of Selling
The Odds of Selling chart summarizes how many apartment listings in Monterey Park have sold, how many are still on the market, and how many were removed without a completed sale over the past 12 months, from 2025-02-28 to 2026-02-28. It also rolls those counts into an overall estimate of the percentage of listings that ultimately reach a firm sale.
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Odds of Selling: Looking across these 12 months, 7 apartment listings in Monterey Park have successfully sold and 0 are part-way there, with 1 still on the market and 5 leaving the market unsold. Put simply, roughly 58.3% of listings have been making it all the way to a firm deal.
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Monthly Selling Rate: When you smooth the results across the past 12 months, it comes to around 0.6 completed apartment sales per month, highlighting the underlying pace of demand in this segment.
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Months of inventory currently sits near 1.7 months, combining the number of active listings with the recent selling rate; in practical terms, this means supply feels lean, so serious buyers often focus closely when the right home appears
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In this context, “not sold” captures listings that were terminated, expired, or withdrawn without reaching a firm sale, which helps distinguish between properties that successfully completed the moving process and those that left the market for other reasons.
Buying Pattern
The Buying Pattern chart shows how many apartment sales in Monterey Park were completed in each of the last 12 months, including 11 full months plus the current month-to-date, so you can see how activity has moved through the year between 2025-02-28 and 2026-02-28.
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The busiest months for closed apartment sales over this period were Dec 2025, where the bar heights sit at the top of the chart for this 12-month window.
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On the quieter side, months such as Mar 2025, Apr 2025, and Jul 2025 sit closer to the bottom of the chart, illustrating periods where fewer apartment sales were recorded.
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Across the 12-month window, monthly closed sales ranged from about 0 to 2 deals, for a total of 7 completed sales. That lines up with the monthly selling rate of roughly 0.6 sales per month shown in the broader odds-of-selling view.
Price vs. Square Footage
The Price vs. Square Footage chart focuses on the last three months of apartment sales in Monterey Park, plotting each sale by interior size on the horizontal axis and sold price on the vertical axis. A trend line is overlaid to summarize how sale prices have tended to move as square footage changes in this recent sample.
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Recent closed apartment sales in this view span from around 575.1 sq. ft. through to roughly 844.9 sq. ft., and within that range the trend line suggests a fairly strong relationship where higher square footage has recently been associated with higher sale prices.
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Most recent apartment sales here have clustered in the core size range that many local buyers favour. That cluster helps show how extra space has been priced in real offers, rather than just on paper. The picture is based on roughly 4 sales from the last three months.
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Taken together with the average sold price of roughly $237,214 over the full 12-month window, the chart can be used as a directional guide: you can locate a home's square footage on the horizontal axis, follow it up toward the trend line, and get a sense of where similar recent sales have been concentrating on the price scale.
Key Takeaways
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Market tilt: With roughly 1.7 months of inventory, the apartment market in Monterey Park has been leaning toward seller-leaning conditions. That backdrop influences how quickly strong listings move and how firmly buyers can push on price.
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Time to sell: Over the past 12 months, apartment listings in Monterey Park have taken around 72 days on average to firm up, which means the selling process has often required a longer marketing window before firming up; for planning purposes it is wise to allow for some variability around that figure.
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Size and pricing: Within the recent three-month sample, apartment sales from roughly 575.1 to 844.9 sq. ft. show a fairly strong relationship where higher square footage has recently been associated with higher sale prices. When estimating value for a specific home, it helps to pair that chart with the most similar recent comparables in terms of size, features, and condition.
Other Property Types in Monterey Park
Market activity in Monterey Park can vary significantly by property type. While apartment homes show specific absorption rates, you may find different trends in the detached home market, the semi-detached home market or the row home market, which often appeal to a different buyer demographic.
Considering a Move?
If Monterey Park is on your radar and you’d like a grounded take on how the apartment market is behaving right now, I can help you sort out your best next steps.
Buying: I’ll help you zero in on the right opportunities, compare the numbers, and move with confidence in the Monterey Park apartment market.
Selling: I’ll help you read the demand signals, tune pricing properly, and highlight the features that move buyers in this part of Monterey Park.
Want clear guidance shaped around your goals and timeline?
Let’s talk.
