Is East San Gabriel, 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, East San Gabriel has remained a Seller's Market.
Key Takeaway
East San Gabriel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East San Gabriel, CA
How much do homes in East San Gabriel, CA cost?
Median Sold Price
$1,155,000
$678/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East San Gabriel have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in East San Gabriel was $1,155,000 in April 2024, up 17.3% from last year, and the median price per square foot was $678.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $734.2K | $865K | +17.8% |
| 3 Bedrooms | $899.9K | $1.0M | +16.7% |
| 4 Bedrooms | $1.2M | $1.4M | +10.0% |
| 5+ Bedrooms | $1.6M | $1.7M | +6.1% |
Summary: East San Gabriel 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 17.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| East San Gabriel | $985K | $1.1M | +17.3% |
| The San Gabriel Valley | $814K | $850.1K | +4.4% |
| East Pasadena | $1.5M | $1.4M | -4.6% |
Housing Supply in East San Gabriel, CA
How many homes are available in East San Gabriel, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Summary: The East San Gabriel real estate market had 31 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 9 | +50.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The East San Gabriel housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 15 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East San Gabriel, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in East San Gabriel in April 2024, up by 200.0% month-over-month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for East San Gabriel, CA
How long does it take to sell a home in East San Gabriel, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 24 Days | -56.7% |
Summary: Homes in East San Gabriel had an average of 24 days on market in Apr 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East San Gabriel are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in East San Gabriel; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.