Is Southwest San Gabriel Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest San Gabriel Valley is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Southwest San Gabriel Valley has remained a Seller's Market.

Key Takeaway

Southwest San Gabriel Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Southwest San Gabriel Valley, CA cost?

Median Sold Price

$829,085

$564/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$57,707(+7.5%)

Key Takeaway

Homes in Southwest San Gabriel Valley have sold for 7.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $405K$465K
+14.8%
2 $605.8K$689.6K
+13.8%
3 $769K$835K
+8.6%
4 $919.4K$973.5K
+5.9%
5+ $1.1M$1.1M
+1.6%

Median Sold Price Compared To Nearby Cities

San Gabriel
+8.8%
Southwest San Gabriel Valley
+7.5%
Monterey Park
+2.4%

How many homes are available in Southwest San Gabriel Valley, CA?

Number of Homes For Sale

Dec 2022Jan 2023%
270248-8.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 119
-18.2%
2 5452
-3.7%
3 126107
-15.1%
4 4045
+12.5%
5+ 3935
-10.3%

Number of Homes Sold

Dec 2022Jan 2023%
7851-34.6%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest San Gabriel Valley, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
28 Days55 Days+92.4%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest San Gabriel Valley has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Southwest San Gabriel Valley, CA

Southwest San Gabriel Valley, CA has 248 homes on the market. The number of homes for sale in Southwest San Gabriel Valley, CA decreased by 8.1% between December 2022 and January 2023. In January 2023, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $829,085. Real estate listing prices changed between December 2022 and January 2023: the cost of 1 bedroom properties went up by 14.8%, prices of 2 bedrooms properties increased by 13.8%, prices of 3 bedrooms properties increased by 8.6%, 4 bedrooms properties became 5.9% more expensive, the cost of 5 bedrooms properties went up by 1.6%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 18.2%, 2 bedrooms homes became 3.7% less available, the quantity of 3 bedrooms homes went down by 15.1%, 4 bedrooms homes became 12.5% more available, the quantity of 5 bedrooms homes went down by 10.3%. In January 2023 more than 13 listings in Southwest San Gabriel Valley, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 33 were sold below.

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