Is Rowland Heights, 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, Rowland Heights has remained a Seller's Market.
Housing Prices in Rowland Heights, CA
How much do homes in Rowland Heights, CA cost?
Median Sold Price
$885,000
$519/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rowland Heights was $885,000 in March 2024, up 3.6% from last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $461K | - | N/A |
2 Bedrooms | $412.5K | $423K | +2.5% |
3 Bedrooms | $774K | $752.5K | -2.8% |
4 Bedrooms | $928.5K | $955K | +2.9% |
5+ Bedrooms | $1.3M | $1.4M | +1.9% |
Summary: Rowland Heights 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 2.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
The San Gabriel Valley | $819.6K | $849.8K | +3.7% |
Rowland Heights | $854.5K | $885K | +3.6% |
Hacienda Heights | $876.8K | $899.3K | +2.6% |
Housing Supply in Rowland Heights, CA
How many homes are available in Rowland Heights, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 56 | -13.8% |
Summary: The Rowland Heights real estate market had 56 homes for sale in March 2024, a 13.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 22 | 15 | -31.8% |
4 Bedrooms | 20 | 17 | -15.0% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Rowland Heights 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 increased by 66.7%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Rowland Heights in March 2024, the same as the previous month. Of the 18 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Rowland Heights, CA
How long does it take to sell a home in Rowland Heights, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 21 Days | -53.6% |
Summary: Homes in Rowland Heights had an average of 21 days on market in Mar 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Rowland Heights; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.