Is La Cañada Flintridge, 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, La Cañada Flintridge has remained a Seller's Market.
Key Takeaway
La Cañada Flintridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Cañada Flintridge, CA
How much do homes in La Cañada Flintridge, CA cost?
Median Sold Price
$2,350,000
$903/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Cañada Flintridge have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in La Cañada Flintridge was $2,350,000 in March 2024, up 2.2% from last year, and the median price per square foot was $903.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.2M | $1.3M | +10.4% |
| 3 Bedrooms | $1.7M | $1.9M | +10.0% |
| 4 Bedrooms | $2.6M | $2.6M | -0.5% |
| 5+ Bedrooms | $3.7M | $3.6M | -0.9% |
Summary: La Cañada Flintridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| La Cañada Flintridge | $2.3M | $2.3M | +2.2% |
| Glendale | $1.1M | $1.1M | +2.2% |
| La Crescenta | $1.2M | $1.2M | +1.7% |
| Altadena | $1.3M | $1.3M | +1.2% |
| La Canada Flintridge | $2.3M | $2.3M | +1.0% |
Housing Supply in La Cañada Flintridge, CA
How many homes are available in La Cañada Flintridge, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 49 | +19.5% |
Summary: The La Cañada Flintridge real estate market had 49 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 10 | 16 | +60.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The La Cañada Flintridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Cañada Flintridge, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in La Cañada Flintridge in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for La Cañada Flintridge, CA
How long does it take to sell a home in La Cañada Flintridge, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 54 Days | +63.1% |
Summary: Homes in La Cañada Flintridge had an average of 54 days on market in Mar 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in La Cañada Flintridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in La Cañada Flintridge; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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.