Is Sierra Madre, 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, Sierra Madre has remained a Seller's Market.
Key Takeaway
Sierra Madre is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sierra Madre, CA
How much do homes in Sierra Madre, CA cost?
Median Sold Price
$1,387,500
$759/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sierra Madre have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Sierra Madre was $1,387,500 in March 2024, down 3.5% from last year, and the median price per square foot was $759.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $736.5K | N/A |
| 2 Bedrooms | $890K | $1.0M | +19.1% |
| 3 Bedrooms | $1.4M | $1.3M | -7.1% |
| 4 Bedrooms | $1.9M | $1.9M | +1.7% |
| 5+ Bedrooms | $2.4M | $3.0M | +26.6% |
Summary: Sierra Madre 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 19.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 26.6%.
Median Sold Price Compared To Nearby Cities
| Pasadena | $1.0M | $1.1M | +8.4% |
| Upper San Gabriel Valley | $941.6K | $985.4K | +4.7% |
| South Antelope Valley | $535K | $530.8K | -0.8% |
| Arcadia | $1.4M | $1.4M | -2.6% |
| Sierra Madre | $1.4M | $1.3M | -3.5% |
Housing Supply in Sierra Madre, CA
How many homes are available in Sierra Madre, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Sierra Madre real estate market had 27 homes for sale in March 2024, a 12.5% 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 | 4 | -20.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sierra Madre 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sierra Madre, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sierra Madre in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Sierra Madre, CA
How long does it take to sell a home in Sierra Madre, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 62 Days | +90.9% |
Summary: Homes in Sierra Madre had an average of 62 days on market in Mar 2024, up by 90.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sierra Madre are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Sierra Madre; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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.