Is Alhambra, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Alhambra has remained a Seller's Market.
Housing Prices in Alhambra, CA
How much do homes in Alhambra, CA cost?
Median Sold Price
$831,000
$594/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Alhambra was $831,000 in March 2024, up 3.4% from last year, and the median price per square foot was $594.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $475K | -2.1% |
2 Bedrooms | $725K | $760K | +4.8% |
3 Bedrooms | $889K | $900K | +1.2% |
4 Bedrooms | $950K | $1.1M | +17.4% |
5+ Bedrooms | $1.1M | $1.2M | +6.3% |
Summary: Alhambra housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $950.5K | $1.1M | +19.9% |
South Pasadena | $1.5M | $1.6M | +5.6% |
Alhambra | $803.3K | $831K | +3.4% |
Southwest San Gabriel Valley | $825.7K | $850K | +2.9% |
Monterey Park | $855K | $858K | 0.4% |
Housing Supply in Alhambra, CA
How many homes are available in Alhambra, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 71 | +18.3% |
Summary: The Alhambra real estate market had 71 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 22 | 30 | +36.4% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Alhambra housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Alhambra in March 2024, up by 5.6% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Alhambra, CA
How long does it take to sell a home in Alhambra, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 31 Days | -10.2% |
Summary: Homes in Alhambra had an average of 31 days on market in Mar 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Alhambra; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.