Is Upper San Gabriel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Upper San Gabriel Valley has remained a Seller's Market.
Key Takeaway
Upper San Gabriel Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper San Gabriel Valley, CA
How much do homes in Upper San Gabriel Valley, CA cost?
Median Sold Price
$951,928
$607/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Upper San Gabriel Valley has remained the same since last year.
Summary: The median home sold price in Upper San Gabriel Valley was $951,928 in November 2023, up 0.4% from last year, and the median price per square foot was $607.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412K | $624K | +51.5% |
| 2 Bedrooms | $714.1K | $705K | -1.3% |
| 3 Bedrooms | $894.5K | $906.8K | +1.4% |
| 4 Bedrooms | $1.2M | $1.2M | -1.9% |
| 5+ Bedrooms | $2.3M | $2.3M | +1.2% |
Summary: Upper San Gabriel Valley housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Upper San Gabriel Valley | $947.8K | $951.9K | 0.4% |
| Temple City | $1.0M | $1.0M | -0.2% |
| El Monte | $691.5K | $680K | -1.7% |
| Monrovia | $964.5K | $936.5K | -2.9% |
| Arcadia | $1.5M | $1.3M | -6.8% |
Housing Supply in Upper San Gabriel Valley, CA
How many homes are available in Upper San Gabriel Valley, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 436 | 415 | -4.8% |
Summary: The Upper San Gabriel Valley real estate market had 415 homes for sale in November 2023, a 4.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 65 | 60 | -7.7% |
| 3 Bedrooms | 194 | 177 | -8.8% |
| 4 Bedrooms | 96 | 95 | -1.0% |
| 5+ Bedrooms | 79 | 80 | +1.3% |
Summary: The Upper San Gabriel Valley housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 107 | 99 | -7.5% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
44 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper San Gabriel Valley, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 99 homes were sold or pending in Upper San Gabriel Valley in November 2023, down by 7.5% month-over-month. Of the 99 sold homes, 41% were sold under asking, 14% were sold at asking, and 44% were sold over asking.
Days on Market for Upper San Gabriel Valley, CA
How long does it take to sell a home in Upper San Gabriel Valley, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +4.4% |
Summary: Homes in Upper San Gabriel Valley had an average of 35 days on market in Nov 2023, up by 4.4% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper San Gabriel Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 99 homes were sold in Upper San Gabriel Valley; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% 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.