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

Housing Market Conditions

Neutral
Market

Seller's
Market

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

Buyer's
Market

Difference Since November 2023

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

$1,026,325

$653/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$74,017(+7.8%)

Key Takeaway

Homes in Upper San Gabriel Valley have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Upper San Gabriel Valley was $1,026,325 in November 2024, up 7.8% from last year, and the median price per square foot was $653.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $624K$549K
-12.0%
2 $705K$747K
+6.0%
3 $908K$985K
+8.5%
4 $1.2M$1.3M
+8.0%
5+ $2.4M$2.5M
+4.8%

Summary: Upper San Gabriel Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Temple City
+10.0%
Upper San Gabriel Valley
+7.8%
Arcadia
+4.2%
Monrovia
-0.9%

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 2024Nov 2024CHANGE
499470-5.8%

Summary: The Upper San Gabriel Valley real estate market had 470 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 87
-12.5%
2 8277
-6.1%
3 208186
-10.6%
4 115110
-4.3%
5+ 8690
+4.7%

Summary: The Upper San Gabriel Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 4.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119105-11.8%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

52 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Upper San Gabriel Valley, you could pay more than the asking price. 49.5% of homes here sold above asking price last month.

Summary: A total of 105 homes were sold or pending in Upper San Gabriel Valley in November 2024, down by 11.8% month-over-month. Of the 105 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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 2023Nov 2024CHANGE
33 Days31 Days-5.7%

Summary: Homes in Upper San Gabriel Valley had an average of 31 days on market in Nov 2024, down by 5.7% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Upper San Gabriel Valley are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 105 homes were sold in Upper San Gabriel Valley; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

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

Report Updated 7 Days Ago

Newest Listings in Upper San Gabriel Valley, CA

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