Is Alhambra, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Alhambra is a seller's market


Difference Since February 2023

Since last year, Alhambra has remained a Seller's Market.

Key Takeaway

Alhambra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Alhambra, CA

How much do homes in Alhambra, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Alhambra have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Alhambra was $840,000 in February 2024, up 4.3% from last year, and the median price per square foot was $597.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $482.5K$475K
2 $730K$760K
3 $883.5K$910K
4 $944K$1.1M
5+ $1.1M$1.3M

Summary: Alhambra housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

San Gabriel
Southwest San Gabriel Valley
Monterey Park
South Pasadena

Housing Supply in Alhambra, CA

How many homes are available in Alhambra, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Alhambra real estate market had 62 homes for sale in February 2024, a 12.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
2 2226
3 1820
4 98
5+ 46

Summary: The Alhambra housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alhambra, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Alhambra in February 2024, up by 112.5% month-over-month. Of the 17 sold homes, 24% were sold under asking, 12% were sold at asking, and 65% 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

Feb 2023Feb 2024CHANGE
37 Days20 Days-45.0%

Summary: Homes in Alhambra had an average of 20 days on market in Feb 2024, down by 45% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Alhambra are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 17 homes were sold in Alhambra; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Alhambra, CA

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What housing markets are near Alhambra, CA?