Is La Puente, 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 Puente has remained a Seller's Market.
Housing Prices in La Puente, CA
How much do homes in La Puente, CA cost?
Median Sold Price
$707,500
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Puente was $707,500 in May 2024, up 6.7% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278K | $260K | -6.5% |
2 Bedrooms | $530K | $571K | +7.7% |
3 Bedrooms | $636.7K | $700K | +9.9% |
4 Bedrooms | $699K | $740K | +5.9% |
5+ Bedrooms | $705K | $741.5K | +5.2% |
Summary: La Puente housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
La Puente | $663K | $707.5K | +6.7% |
West Covina | $756.6K | $800K | +5.7% |
East San Gabriel Valley | $743.2K | $779.7K | +4.9% |
Housing Supply in La Puente, CA
How many homes are available in La Puente, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 104 | +5.1% |
Summary: The La Puente real estate market had 104 homes for sale in May 2024, a 5.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 52 | 56 | +7.7% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The La Puente housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 31 | +34.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in La Puente in May 2024, up by 34.8% month-over-month. Of the 31 sold homes, 13% were sold under asking, 23% were sold at asking, and 65% were sold over asking.
Days on Market for La Puente, CA
How long does it take to sell a home in La Puente, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 17 Days | -38.6% |
Summary: Homes in La Puente had an average of 17 days on market in May 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in La Puente; 87% 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.