Is La Verne, 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 Verne has remained a Seller's Market.
Housing Prices in La Verne, CA
How much do homes in La Verne, CA cost?
Median Sold Price
$928,000
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in La Verne was $928,000 in March 2024, up 5.4% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $420K | +20.0% |
2 Bedrooms | $430K | $438.4K | +2.0% |
3 Bedrooms | $800K | $875K | +9.4% |
4 Bedrooms | $1.0M | $980K | -2.0% |
5+ Bedrooms | $1.3M | $1.4M | +2.8% |
Summary: La Verne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
La Verne | $880.3K | $928K | +5.4% |
San Dimas | $850K | $880K | +3.5% |
East San Gabriel Valley | $750K | $770.7K | +2.8% |
Pomona | $621.3K | $636.6K | +2.5% |
Claremont | $900K | $917.5K | +1.9% |
Housing Supply in La Verne, CA
How many homes are available in La Verne, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 49 | 0.0% |
Summary: The La Verne real estate market had 49 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The La Verne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in La Verne in March 2024, up by 46.2% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for La Verne, CA
How long does it take to sell a home in La Verne, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 20 Days | -64.4% |
Summary: Homes in La Verne had an average of 20 days on market in Mar 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in La Verne; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.