Is Southwest San Gabriel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Southwest San Gabriel Valley has remained a Seller's Market.
Housing Prices in Southwest San Gabriel Valley, CA
How much do homes in Southwest San Gabriel Valley, CA cost?
Median Sold Price
$880,000
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Southwest San Gabriel Valley was $880,000 in June 2024, up 8.3% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460K | $435.2K | -5.4% |
2 Bedrooms | $700K | $720K | +2.9% |
3 Bedrooms | $815K | $869.3K | +6.7% |
4 Bedrooms | $950K | $1.0M | +11.3% |
5+ Bedrooms | $1.2M | $1.3M | +15.7% |
Summary: Southwest San Gabriel Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $940K | $1.1M | +22.3% |
Alhambra | $799.6K | $875K | +9.4% |
Rosemead | $782.5K | $855K | +9.3% |
Southwest San Gabriel Valley | $812.5K | $880K | +8.3% |
Monterey Park | $856.5K | $860K | 0.4% |
Housing Supply in Southwest San Gabriel Valley, CA
How many homes are available in Southwest San Gabriel Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
355 | 361 | +1.7% |
Summary: The Southwest San Gabriel Valley real estate market had 361 homes for sale in June 2024, a 1.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 12 | +50.0% |
2 Bedrooms | 93 | 95 | +2.2% |
3 Bedrooms | 150 | 151 | +0.7% |
4 Bedrooms | 71 | 70 | -1.4% |
5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The Southwest San Gabriel Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
108 | 107 | -0.9% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Southwest San Gabriel Valley in June 2024, down by 0.9% month-over-month. Of the 107 sold homes, 20% were sold under asking, 16% were sold at asking, and 64% were sold over asking.
Days on Market for Southwest San Gabriel Valley, CA
How long does it take to sell a home in Southwest San Gabriel Valley, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 23 Days | +2.1% |
Summary: Homes in Southwest San Gabriel Valley had an average of 23 days on market in Jun 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 107 homes were sold in Southwest San Gabriel Valley; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.