Is San Gabriel, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Gabriel is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, San Gabriel has remained a Seller's Market.

Key Takeaway

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

Housing Prices in San Gabriel, CA

How much do homes in San Gabriel, CA cost?

Median Sold Price

$1,150,000

$669/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$210,000(+22.3%)

Key Takeaway

Homes in San Gabriel have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in San Gabriel was $1,150,000 in June 2024, up 22.3% from last year, and the median price per square foot was $669.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $732.5K-
N/A
2 $772.1K$876K
+13.5%
3 $925K$1.1M
+18.9%
4 $1.2M$1.2M
+4.0%
5+ $1.5M$1.6M
+6.3%

Summary: San Gabriel housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

San Gabriel
+22.3%
San Marino
+14.8%
Rosemead
+9.3%
Temple City
+9.2%
Southwest San Gabriel Valley
+8.3%

Housing Supply in San Gabriel, CA

How many homes are available in San Gabriel, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7379+8.2%

Summary: The San Gabriel real estate market had 79 homes for sale in June 2024, a 8.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
+100.0%
2 1517
+13.3%
3 3135
+12.9%
4 1919
0.0%
5+ 87
-12.5%

Summary: The San Gabriel housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1728+64.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Gabriel, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in San Gabriel in June 2024, up by 64.7% month-over-month. Of the 28 sold homes, 14% were sold under asking, 36% were sold at asking, and 50% were sold over asking.

Days on Market for San Gabriel, CA

How long does it take to sell a home in San Gabriel, CA?

Average Sale Time

Jun 2023Jun 2024CHANGE
22 Days23 Days+4.2%

Summary: Homes in San Gabriel had an average of 23 days on market in Jun 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 28 homes were sold in San Gabriel; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% 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 12 Days Ago

Newest Listings in San Gabriel, CA

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