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 March 2023
Since last year, Upper San Gabriel Valley has remained a Seller's Market.
Housing Prices in Upper San Gabriel Valley, CA
How much do homes in Upper San Gabriel Valley, CA cost?
Median Sold Price
$985,428
$625/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Upper San Gabriel Valley was $985,428 in March 2024, up 4.7% from last year, and the median price per square foot was $625.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $728K | +89.1% |
2 Bedrooms | $701K | $730K | +4.1% |
3 Bedrooms | $891.2K | $941K | +5.6% |
4 Bedrooms | $1.2M | $1.2M | -1.7% |
5+ Bedrooms | $2.4M | $2.4M | +2.7% |
Summary: Upper San Gabriel Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Temple City | $968K | $1.0M | +11.1% |
Upper San Gabriel Valley | $941.6K | $985.4K | +4.7% |
Monrovia | $953K | $930K | -2.4% |
Arcadia | $1.4M | $1.4M | -2.6% |
Housing Supply in Upper San Gabriel Valley, CA
How many homes are available in Upper San Gabriel Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
380 | 419 | +10.3% |
Summary: The Upper San Gabriel Valley real estate market had 419 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 67 | 65 | -3.0% |
3 Bedrooms | 159 | 176 | +10.7% |
4 Bedrooms | 87 | 104 | +19.5% |
5+ Bedrooms | 63 | 72 | +14.3% |
Summary: The Upper San Gabriel Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 102 | +45.7% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in Upper San Gabriel Valley in March 2024, up by 45.7% month-over-month. Of the 102 sold homes, 41% were sold under asking, 7% were sold at asking, and 52% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 39 Days | -20.5% |
Summary: Homes in Upper San Gabriel Valley had an average of 39 days on market in Mar 2024, down by 20.5% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 102 homes were sold in Upper San Gabriel Valley; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.