Is San Marino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
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
How much do homes in San Marino, CA cost?
Median Sold Price
$2,576,500
$969/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Key Takeaway
Homes in San Marino have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in San Marino was $2,576,500 in October 2023, down 6.1% from last year, and the median price per square foot was $969.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.5M | $1.6M | +2.5% |
| 3 Bedrooms | $2.0M | $2.0M | -1.3% |
| 4 Bedrooms | $3.0M | $3.1M | +3.3% |
| 5+ Bedrooms | $3.4M | $4.2M | +20.9% |
Summary: San Marino housing prices by bedroom type for October 2023 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 1.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
| San Gabriel | $936.7K | $997.5K | +6.5% |
| Alhambra | $800K | $829.4K | +3.7% |
| South Pasadena | $1.5M | $1.5M | +1.8% |
| Pasadena | $1.0M | $1.1M | 0.3% |
| San Marino | $2.7M | $2.5M | -6.1% |
Housing Supply
How many homes are available in San Marino, CA?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The San Marino real estate market had 48 homes for sale in October 2023, a 11.6% increase compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The San Marino housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 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. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in San Marino in October 2023, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market
How long does it take to sell a home in San Marino, CA?
Average Sale Time
| Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|
| 49 Days | 58 Days | +17.7% |
Summary: Homes in San Marino had an average of 58 days on market in Oct 2023, up by 17.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Marino are selling fast, if you're buying plan to act quickly.
Summary: During October 2023, 12 homes were sold in San Marino; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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.