Is Diamond Bar, 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, Diamond Bar has remained a Seller's Market.
Key Takeaway
Diamond Bar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Diamond Bar, CA
How much do homes in Diamond Bar, CA cost?
Median Sold Price
$940,000
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Diamond Bar have sold for 6% more than they did a year ago.
Summary: The median home sold price in Diamond Bar was $940,000 in May 2024, up 6% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328K | $378.5K | +15.4% |
| 2 Bedrooms | $500K | $530K | +6.0% |
| 3 Bedrooms | $771K | $855K | +10.9% |
| 4 Bedrooms | $1.0M | $1.1M | +8.3% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.0% |
Summary: Diamond Bar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Chino Hills | $854.2K | $970K | +13.5% |
| Diamond Bar | $886.5K | $940K | +6.0% |
| Pomona | $614.2K | $645K | +5.0% |
| East San Gabriel Valley | $743.2K | $779.7K | +4.9% |
Housing Supply in Diamond Bar, CA
How many homes are available in Diamond Bar, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 144 | 164 | +13.9% |
Summary: The Diamond Bar real estate market had 164 homes for sale in May 2024, a 13.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 19 | 24 | +26.3% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 47 | 57 | +21.3% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Diamond Bar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Diamond Bar, you could pay more than the asking price. 51.4% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Diamond Bar in May 2024, up by 5.7% month-over-month. Of the 37 sold homes, 43% were sold under asking, 5% were sold at asking, and 51% were sold over asking.
Days on Market for Diamond Bar, CA
How long does it take to sell a home in Diamond Bar, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 36 Days | +110.2% |
Summary: Homes in Diamond Bar had an average of 36 days on market in May 2024, up by 110.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Diamond Bar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 37 homes were sold in Diamond Bar; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.