Is Alhambra, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Alhambra has remained a Seller's Market.
Housing Prices in Alhambra, CA
How much do homes in Alhambra, CA cost?
Median Sold Price
$842,500
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Alhambra was $842,500 in April 2024, up 5.1% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $467.5K | -4.6% |
2 Bedrooms | $724.5K | $750K | +3.5% |
3 Bedrooms | $880K | $910K | +3.4% |
4 Bedrooms | $950K | $1.1M | +17.7% |
5+ Bedrooms | $1.1M | $1.3M | +20.0% |
Summary: Alhambra housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $950K | $1.1M | +21.3% |
South Pasadena | $1.5M | $1.6M | +5.8% |
Alhambra | $801.6K | $842.5K | +5.1% |
Southwest San Gabriel Valley | $818.3K | $860K | +5.1% |
Monterey Park | $850K | $860K | +1.2% |
Housing Supply in Alhambra, CA
How many homes are available in Alhambra, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 84 | +20.0% |
Summary: The Alhambra real estate market had 84 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 24 | 20 | -16.7% |
3 Bedrooms | 29 | 43 | +48.3% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Alhambra housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Alhambra in April 2024, up by 15.8% month-over-month. Of the 22 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.
Days on Market for Alhambra, CA
How long does it take to sell a home in Alhambra, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 14 Days | -5.6% |
Summary: Homes in Alhambra had an average of 14 days on market in Apr 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Alhambra; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.