Is East San Gabriel Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East San Gabriel Valley is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, East San Gabriel Valley has remained a Seller's Market.

Key Takeaway

East San Gabriel Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East San Gabriel Valley, CA

How much do homes in East San Gabriel Valley, CA cost?

Median Sold Price

$763,980

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,374(+1.6%)

Key Takeaway

Homes in East San Gabriel Valley have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in East San Gabriel Valley was $763,980 in February 2024, up 1.6% from last year, and the median price per square foot was $499.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $395K$395.5K
0.1%
2 $530K$540K
+1.9%
3 $719.3K$725K
+0.8%
4 $895.6K$914.1K
+2.1%
5+ $1.2M$1.2M
+5.1%

Summary: East San Gabriel Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

San Dimas
+3.6%
East San Gabriel Valley
+1.6%
West Covina
+0.6%
Covina
-2.2%
Walnut
-4.4%

Housing Supply in East San Gabriel Valley, CA

How many homes are available in East San Gabriel Valley, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,1361,117-1.7%

Summary: The East San Gabriel Valley real estate market had 1,117 homes for sale in February 2024, a 1.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2123
+9.5%
2 127134
+5.5%
3 475458
-3.6%
4 353329
-6.8%
5+ 160173
+8.1%

Summary: The East San Gabriel Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 8.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
315298-5.4%

Asking Price vs. Sold Price

104 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

148 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East San Gabriel Valley, you could pay more than the asking price. 49.7% of homes here sold above asking price last month.

Summary: A total of 298 homes were sold or pending in East San Gabriel Valley in February 2024, down by 5.4% month-over-month. Of the 298 sold homes, 35% were sold under asking, 15% 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

Feb 2023Feb 2024CHANGE
47 Days34 Days-25.9%

Summary: Homes in East San Gabriel Valley had an average of 34 days on market in Feb 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

196 Homes Were Sold
Under 30 Days

69 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East San Gabriel Valley are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 298 homes were sold in East San Gabriel Valley; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% 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

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