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 April 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
$850,119
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The San Gabriel Valley was $850,119 in April 2024, up 4.4% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $430K | 0.0% |
2 Bedrooms | $629.6K | $649.4K | +3.1% |
3 Bedrooms | $775.9K | $800K | +3.1% |
4 Bedrooms | $949.7K | $1.0M | +5.4% |
5+ Bedrooms | $1.5M | $1.5M | +1.9% |
Summary: The San Gabriel Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
Avocado Heights | $717K | $772.5K | +7.7% |
Valinda | $682.7K | $720K | +5.5% |
The San Gabriel Valley | $814K | $850.1K | +4.4% |
North El Monte | $900K | $903.5K | 0.4% |
Housing Supply in The San Gabriel Valley, CA
How many homes are available in The San Gabriel Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,834 | 1,983 | +8.1% |
Summary: The The San Gabriel Valley real estate market had 1,983 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 31 | +14.8% |
2 Bedrooms | 281 | 286 | +1.8% |
3 Bedrooms | 741 | 798 | +7.7% |
4 Bedrooms | 497 | 556 | +11.9% |
5+ Bedrooms | 288 | 312 | +8.3% |
Summary: The The San Gabriel Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
482 | 571 | +18.5% |
Asking Price vs. Sold Price
143 Homes Were Sold
Under Asking
65 Homes Were Sold
At Asking
363 Homes Were Sold
Over Asking
Summary: A total of 571 homes were sold or pending in The San Gabriel Valley in April 2024, up by 18.5% month-over-month. Of the 571 sold homes, 25% were sold under asking, 11% were sold at asking, and 64% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 23 Days | -43.0% |
Summary: Homes in The San Gabriel Valley had an average of 23 days on market in Apr 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
459 Homes Were Sold
Under 30 Days
81 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During April 2024, 571 homes were sold in The San Gabriel Valley; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.