Is La Cañada Flintridge, 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, La Cañada Flintridge has remained a Seller's Market.
Housing Prices in La Cañada Flintridge, CA
How much do homes in La Cañada Flintridge, CA cost?
Median Sold Price
$2,400,000
$941/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Cañada Flintridge was $2,400,000 in May 2024, up 6.7% from last year, and the median price per square foot was $941.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $2.2M | N/A |
2 Bedrooms | $1.2M | $1.5M | +25.2% |
3 Bedrooms | $1.7M | $1.9M | +5.9% |
4 Bedrooms | $2.6M | $2.6M | +0.6% |
5+ Bedrooms | $3.6M | $3.8M | +6.5% |
Summary: La Cañada Flintridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
La Cañada Flintridge | $2.2M | $2.4M | +6.7% |
La Crescenta | $1.1M | $1.2M | +5.9% |
La Canada Flintridge | $2.2M | $2.3M | +4.7% |
Glendale | $1.1M | $1.1M | +4.0% |
Altadena | $1.3M | $1.3M | +3.7% |
Housing Supply in La Cañada Flintridge, CA
How many homes are available in La Cañada Flintridge, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 55 | -11.3% |
Summary: The La Cañada Flintridge real estate market had 55 homes for sale in May 2024, a 11.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The La Cañada Flintridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in La Cañada Flintridge in May 2024, down by 5.6% month-over-month. Of the 17 sold homes, 18% were sold under asking, 0% were sold at asking, and 82% were sold over asking.
Days on Market for La Cañada Flintridge, CA
How long does it take to sell a home in La Cañada Flintridge, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 31 Days | +69.0% |
Summary: Homes in La Cañada Flintridge had an average of 31 days on market in May 2024, up by 69% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in La Cañada Flintridge; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.