The invention discloses a smart home monitoring system based on wireless fidelity (WIFI) and hyper text transport protocol (http) technologies and a running method thereof. The system comprises a master controller, and a remote operation terminal, a local operation terminal a power control part and a regulation and control monitoring part which are connected with the master controller by an RS485 data bus. The running method for the system comprises the processes of hardware management, task designing, plan designing, rule designing, holiday setting, task execution, task queue management, hardware condition management and the like. The system can be operated and monitored by a local terminal, a remote phone mobile, a remote personal digital assistant (PDA) or a remote computer, and is low in using cost, simply structured, convenient to install and operate, applicable to the satisfaction of flexible home monitoring needs of various house structures, stable in running, safe and reliable.