Is East San Gabriel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East San Gabriel Valley has remained a Seller's Market.
Housing Prices in East San Gabriel Valley, CA
How much do homes in East San Gabriel Valley, CA cost?
Median Sold Price
$779,701
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East San Gabriel Valley was $779,701 in May 2024, up 4.9% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382K | $398K | +4.2% |
2 Bedrooms | $519.5K | $544.1K | +4.7% |
3 Bedrooms | $710K | $740K | +4.2% |
4 Bedrooms | $877.6K | $936.8K | +6.7% |
5+ Bedrooms | $1.1M | $1.3M | +14.9% |
Summary: East San Gabriel Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
West Covina | $756.6K | $800K | +5.7% |
East San Gabriel Valley | $743.2K | $779.7K | +4.9% |
San Dimas | $850K | $875K | +2.9% |
Covina | $748.3K | $749.6K | 0.2% |
Walnut | $1.1M | $1.1M | 0.0% |
Housing Supply in East San Gabriel Valley, CA
How many homes are available in East San Gabriel Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,361 | 1,380 | +1.4% |
Summary: The East San Gabriel Valley real estate market had 1,380 homes for sale in May 2024, a 1.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 18 | -30.8% |
2 Bedrooms | 166 | 178 | +7.2% |
3 Bedrooms | 566 | 547 | -3.4% |
4 Bedrooms | 422 | 434 | +2.8% |
5+ Bedrooms | 181 | 203 | +12.2% |
Summary: The East San Gabriel Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 12.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
395 | 397 | +0.5% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
246 Homes Were Sold
Over Asking
Summary: A total of 397 homes were sold or pending in East San Gabriel Valley in May 2024, up by 0.5% month-over-month. Of the 397 sold homes, 26% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for East San Gabriel Valley, CA
How long does it take to sell a home in East San Gabriel Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 22 Days | -19.2% |
Summary: Homes in East San Gabriel Valley had an average of 22 days on market in May 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
311 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 397 homes were sold in East San Gabriel Valley; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.