Is The 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, The San Gabriel Valley has remained a Seller's Market.
Housing Prices in The San Gabriel Valley, CA
How much do homes in The San Gabriel Valley, CA cost?
Median Sold Price
$854,535
$557/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in The San Gabriel Valley was $854,535 in May 2024, up 5.6% from last year, and the median price per square foot was $557.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $433.5K | $427.5K | -1.4% |
2 Bedrooms | $630K | $649.6K | +3.1% |
3 Bedrooms | $772.7K | $804.8K | +4.2% |
4 Bedrooms | $948.9K | $1.0M | +6.7% |
5+ Bedrooms | $1.5M | $1.5M | +2.9% |
Summary: The San Gabriel Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Neighborhoods
Avocado Heights | $716K | $787.1K | +9.9% |
Valinda | $679.5K | $732K | +7.7% |
The San Gabriel Valley | $809K | $854.5K | +5.6% |
North El Monte | $883K | $932.5K | +5.6% |
Housing Supply in The San Gabriel Valley, CA
How many homes are available in The San Gabriel Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,027 | 2,107 | +3.9% |
Summary: The The San Gabriel Valley real estate market had 2,107 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 27 | -10.0% |
2 Bedrooms | 300 | 311 | +3.7% |
3 Bedrooms | 840 | 839 | -0.1% |
4 Bedrooms | 567 | 595 | +4.9% |
5+ Bedrooms | 290 | 335 | +15.5% |
Summary: The The San Gabriel Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 15.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
582 | 585 | +0.5% |
Asking Price vs. Sold Price
148 Homes Were Sold
Under Asking
73 Homes Were Sold
At Asking
364 Homes Were Sold
Over Asking
Summary: A total of 585 homes were sold or pending in The San Gabriel Valley in May 2024, up by 0.5% month-over-month. Of the 585 sold homes, 25% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for The San Gabriel Valley, CA
How long does it take to sell a home in The San Gabriel Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 23 Days | -22.5% |
Summary: Homes in The San Gabriel Valley had an average of 23 days on market in May 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
456 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 585 homes were sold in The San Gabriel Valley; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.