Is Alhambra, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$875,000
$598/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Alhambra was $875,000 in June 2024, up 9.4% from last year, and the median price per square foot was $598.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $490K | $459K | -6.3% |
2 Bedrooms | $734.5K | $750K | +2.1% |
3 Bedrooms | $881K | $956.2K | +8.5% |
4 Bedrooms | $950K | $1.0M | +10.5% |
5+ Bedrooms | $1.1M | $1.3M | +22.7% |
Summary: Alhambra housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $940K | $1.1M | +22.3% |
Alhambra | $799.6K | $875K | +9.4% |
Southwest San Gabriel Valley | $812.5K | $880K | +8.3% |
South Pasadena | $1.5M | $1.6M | +8.2% |
Monterey Park | $856.5K | $860K | 0.4% |
Housing Supply in Alhambra, CA
How many homes are available in Alhambra, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
100 | 94 | -6.0% |
Summary: The Alhambra real estate market had 94 homes for sale in June 2024, a 6.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 50 | 43 | -14.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Alhambra housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
35 | 29 | -17.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Alhambra in June 2024, down by 17.1% month-over-month. Of the 29 sold homes, 21% were sold under asking, 10% were sold at asking, and 69% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 22 Days | -29.7% |
Summary: Homes in Alhambra had an average of 22 days on market in Jun 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 29 homes were sold in Alhambra; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.