$2,788,888
2,852 SqFt
3 Beds
•2 Full Baths
GINA WANG, Listing Office: eXp Realty of California Inc
Is San Marino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, San Marino has remained a Seller's Market.
Key Takeaway
San Marino is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Marino, CA
How much do homes in San Marino, CA cost?
Median Sold Price
$2,915,000
$1,022/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$338,500(+13.1%)
Key Takeaway
Homes in San Marino have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in San Marino was $2,915,000 in August 2024, up 13.1% from last year, and the median price per square foot was $1,022.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.6M | $1.5M | -5.8% |
| 3 Bedrooms | $2.0M | $2.1M | +6.9% |
| 4 Bedrooms | $2.8M | $3.4M | +18.1% |
| 5+ Bedrooms | $4.0M | $5.0M | +26.2% |
Summary: San Marino housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| San Gabriel | $952K | $1.1M | +20.8% |
| San Marino | $2.5M | $2.9M | +13.1% |
| Pasadena | $1.0M | $1.2M | +9.6% |
| Alhambra | $821.6K | $879K | +7.0% |
| South Pasadena | $1.6M | $1.6M | +3.1% |
Housing Supply in San Marino, CA
How many homes are available in San Marino, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 56 | 49 | -12.5% |
Summary: The San Marino real estate market had 49 homes for sale in August 2024, a 12.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The San Marino housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Marino, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in San Marino in August 2024, down by 35.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 19 Days | 62 Days | +224.9% |
Summary: Homes in San Marino had an average of 62 days on market in Aug 2024, up by 224.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in San Marino has remained consistent over time.
Summary: During August 2024, 11 homes were sold in San Marino; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.