Is East San Gabriel Valley, 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, East San Gabriel Valley has remained a Seller's Market.
Housing Prices in East San Gabriel Valley, CA
How much do homes in East San Gabriel Valley, CA cost?
Median Sold Price
$770,716
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East San Gabriel Valley was $770,716 in March 2024, up 2.8% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $388.7K | $398K | +2.4% |
2 Bedrooms | $525.6K | $540K | +2.7% |
3 Bedrooms | $715.1K | $734.7K | +2.7% |
4 Bedrooms | $887.7K | $921.3K | +3.8% |
5+ Bedrooms | $1.2M | $1.3M | +8.3% |
Summary: East San Gabriel Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
San Dimas | $850K | $880K | +3.5% |
West Covina | $771.5K | $795K | +3.0% |
East San Gabriel Valley | $750K | $770.7K | +2.8% |
Covina | $753.7K | $750K | -0.5% |
Walnut | $1.1M | $1.0M | -3.3% |
Housing Supply in East San Gabriel Valley, CA
How many homes are available in East San Gabriel Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,182 | 1,201 | +1.6% |
Summary: The East San Gabriel Valley real estate market had 1,201 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 147 | 155 | +5.4% |
3 Bedrooms | 494 | 488 | -1.2% |
4 Bedrooms | 352 | 362 | +2.8% |
5+ Bedrooms | 170 | 176 | +3.5% |
Summary: The East San Gabriel Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
305 | 358 | +17.4% |
Asking Price vs. Sold Price
115 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
179 Homes Were Sold
Over Asking
Summary: A total of 358 homes were sold or pending in East San Gabriel Valley in March 2024, up by 17.4% month-over-month. Of the 358 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for East San Gabriel Valley, CA
How long does it take to sell a home in East San Gabriel Valley, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 24 Days | -36.5% |
Summary: Homes in East San Gabriel Valley had an average of 24 days on market in Mar 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
274 Homes Were Sold
Under 30 Days
63 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 358 homes were sold in East San Gabriel Valley; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.