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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Duarte is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Duarte, CA

How much do homes in Duarte, CA cost?

Median Sold Price

$742,500

$534/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,500(+1.7%)

Key Takeaway

Homes in Duarte have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Duarte was $742,500 in February 2024, up 1.7% from last year, and the median price per square foot was $534.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$775K
N/A
2 $613K$640K
+4.4%
3 $740K$740K
0.0%
4 $920K$870K
-5.4%
5+ $1.1M$920K
-18.2%

Summary: Duarte housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 18.2%.

Median Sold Price Compared To Nearby Cities

Duarte
+1.7%
Azusa
0.2%
Monrovia
-2.1%

Housing Supply in Duarte, CA

How many homes are available in Duarte, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3233+3.1%

Summary: The Duarte real estate market had 33 homes for sale in February 2024, a 3.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 1719
+11.8%
4 54
-20.0%
5+ 23
+50.0%

Summary: The Duarte 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 decreased by 12.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Duarte, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Duarte in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Duarte, CA

How long does it take to sell a home in Duarte, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
17 Days9 Days-44.5%

Summary: Homes in Duarte had an average of 9 days on market in Feb 2024, down by 44.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 7 homes were sold in Duarte; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Duarte, CA

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