Is La Crescenta, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Crescenta is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, La Crescenta has remained a Seller's Market.

Key Takeaway

La Crescenta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in La Crescenta, CA

How much do homes in La Crescenta, CA cost?

Median Sold Price

$1,220,000

$777/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+1.7%)

Key Takeaway

Homes in La Crescenta have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in La Crescenta was $1,220,000 in March 2024, up 1.7% from last year, and the median price per square foot was $777.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $470K$466K
-0.9%
2 $890K$930K
+4.5%
3 $1.2M$1.2M
+4.2%
4 $1.6M$1.5M
-6.3%
5+ $1.9M$2.2M
+19.3%

Summary: La Crescenta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 19.3%.

Median Sold Price Compared To Nearby Cities

Glendale
+2.2%
San Fernando Valley
+2.0%
La Crescenta
+1.7%
La Canada Flintridge
+1.0%
South Antelope Valley
-0.8%

Housing Supply in La Crescenta, CA

How many homes are available in La Crescenta, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4750+6.4%

Summary: The La Crescenta real estate market had 50 homes for sale in March 2024, a 6.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 36
+100.0%
3 2927
-6.9%
4 1012
+20.0%
5+ 23
+50.0%

Summary: The La Crescenta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1018+80.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Crescenta, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in La Crescenta in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.

Days on Market for La Crescenta, CA

How long does it take to sell a home in La Crescenta, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
24 Days24 Days+2.2%

Summary: Homes in La Crescenta had an average of 24 days on market in Mar 2024, up by 2.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Crescenta are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 18 homes were sold in La Crescenta; 83% of homes were sold within 30 days, 6% 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 24 Days Ago

Newest Listings in La Crescenta, CA

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