Is San Gabriel, 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, San Gabriel has remained a Seller's Market.
Housing Prices in San Gabriel, CA
How much do homes in San Gabriel, CA cost?
Median Sold Price
$1,140,000
$648/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in San Gabriel was $1,140,000 in March 2024, up 19.9% from last year, and the median price per square foot was $648.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $732.5K | - | N/A |
2 Bedrooms | $777.7K | $864K | +11.1% |
3 Bedrooms | $988K | $1.0M | +6.4% |
4 Bedrooms | $1.0M | $1.3M | +24.5% |
5+ Bedrooms | $1.8M | $1.6M | -10.6% |
Summary: San Gabriel 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 11.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $950.5K | $1.1M | +19.9% |
Temple City | $968K | $1.0M | +11.1% |
San Marino | $2.6M | $2.8M | +8.0% |
Rosemead | $800K | $845K | +5.6% |
Southwest San Gabriel Valley | $825.7K | $850K | +2.9% |
Housing Supply in San Gabriel, CA
How many homes are available in San Gabriel, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 72 | +14.3% |
Summary: The San Gabriel real estate market had 72 homes for sale in March 2024, a 14.3% increase 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 | 5 | 10 | +100.0% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The San Gabriel 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 100%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in San Gabriel in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 23 Days | -35.7% |
Summary: Homes in San Gabriel had an average of 23 days on market in Mar 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in San Gabriel; 88% 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.