Is San Marino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, San Marino was a Neutral Market.
Housing Prices in San Marino, CA
How much do homes in San Marino, CA cost?
Median Sold Price
$2,862,500
$992/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in San Marino was $2,862,500 in March 2024, up 8% from last year, and the median price per square foot was $992.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.5M | $1.6M | +2.5% |
3 Bedrooms | $2.0M | $2.0M | 0.0% |
4 Bedrooms | $2.8M | $3.1M | +11.1% |
5+ Bedrooms | $3.7M | $3.9M | +6.2% |
Summary: San Marino 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 did not change, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $950.5K | $1.1M | +19.9% |
Pasadena | $1.0M | $1.1M | +8.4% |
San Marino | $2.6M | $2.8M | +8.0% |
South Pasadena | $1.5M | $1.6M | +5.6% |
Alhambra | $803.3K | $831K | +3.4% |
Housing Supply in San Marino, CA
How many homes are available in San Marino, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 43 | +22.9% |
Summary: The San Marino real estate market had 43 homes for sale in March 2024, a 22.9% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 12 | 15 | +25.0% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The San Marino 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 37.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 12 | +300.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in San Marino in March 2024, up by 300.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 0% were sold at asking, and 58% were sold over asking.
Days on Market for San Marino, CA
How long does it take to sell a home in San Marino, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
21 Days | 24 Days | +18.3% |
Summary: Homes in San Marino had an average of 24 days on market in Mar 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
10 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, 12 homes were sold in San Marino; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.