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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Puente is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in La Puente, CA

How much do homes in La Puente, CA cost?

Median Sold Price

$707,500

$547/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$44,500(+6.7%)

Key Takeaway

Homes in La Puente have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in La Puente was $707,500 in May 2024, up 6.7% from last year, and the median price per square foot was $547.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $278K$260K
-6.5%
2 $530K$571K
+7.7%
3 $636.7K$700K
+9.9%
4 $699K$740K
+5.9%
5+ $705K$741.5K
+5.2%

Summary: La Puente housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Cities

La Puente
+6.7%
West Covina
+5.7%
East San Gabriel Valley
+4.9%

Housing Supply in La Puente, CA

How many homes are available in La Puente, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
99104+5.1%

Summary: The La Puente real estate market had 104 homes for sale in May 2024, a 5.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 33
0.0%
3 5256
+7.7%
4 3636
0.0%
5+ 78
+14.3%

Summary: The La Puente housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2331+34.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Puente, you could pay more than the asking price. 64.5% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in La Puente in May 2024, up by 34.8% month-over-month. Of the 31 sold homes, 13% were sold under asking, 23% were sold at asking, and 65% were sold over asking.

Days on Market for La Puente, CA

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

Average Sale Time

May 2023May 2024CHANGE
28 Days17 Days-38.6%

Summary: Homes in La Puente had an average of 17 days on market in May 2024, down by 38.6% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 31 homes were sold in La Puente; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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 18 Days Ago

Newest Listings in La Puente, CA

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