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 June 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
$788,903
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in East San Gabriel Valley was $788,903 in June 2024, up 6.6% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $374.5K | $400K | +6.8% |
2 Bedrooms | $516K | $549.7K | +6.5% |
3 Bedrooms | $708.6K | $745.4K | +5.2% |
4 Bedrooms | $869.9K | $940.4K | +8.1% |
5+ Bedrooms | $1.1M | $1.3M | +15.2% |
Summary: East San Gabriel Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
West Covina | $750K | $820K | +9.3% |
East San Gabriel Valley | $739.9K | $788.9K | +6.6% |
San Dimas | $841K | $890K | +5.8% |
Walnut | $1.0M | $1.1M | +4.0% |
Covina | $740.6K | $750K | +1.3% |
Housing Supply in East San Gabriel Valley, CA
How many homes are available in East San Gabriel Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,431 | 1,437 | 0.4% |
Summary: The East San Gabriel Valley real estate market had 1,437 homes for sale in June 2024, a 0.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 18 | 0.0% |
2 Bedrooms | 187 | 186 | -0.5% |
3 Bedrooms | 573 | 563 | -1.7% |
4 Bedrooms | 454 | 441 | -2.9% |
5+ Bedrooms | 199 | 229 | +15.1% |
Summary: The East San Gabriel Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
409 | 389 | -4.9% |
Asking Price vs. Sold Price
105 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
241 Homes Were Sold
Over Asking
Summary: A total of 389 homes were sold or pending in East San Gabriel Valley in June 2024, down by 4.9% month-over-month. Of the 389 sold homes, 27% were sold under asking, 11% were sold at asking, and 62% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 20 Days | -12.7% |
Summary: Homes in East San Gabriel Valley had an average of 20 days on market in Jun 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
313 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During June 2024, 389 homes were sold in East San Gabriel Valley; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.