Is La Verne, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Verne is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, La Verne was a Neutral Market.

Key Takeaway

La Verne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in La Verne, CA

How much do homes in La Verne, CA cost?

Median Sold Price

$928,000

$511/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$68,000(+7.9%)

Key Takeaway

Homes in La Verne have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in La Verne was $928,000 in April 2024, up 7.9% from last year, and the median price per square foot was $511.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $350K$407.5K
+16.4%
2 $430K$433.5K
+0.8%
3 $785K$872.5K
+11.1%
4 $1.0M$1.0M
0.0%
5+ $1.3M$1.2M
-7.5%

Summary: La Verne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.5%.

Median Sold Price Compared To Nearby Cities

La Verne
+7.9%
Pomona
+4.0%
San Dimas
+3.6%
East San Gabriel Valley
+3.6%
Claremont
+1.7%

Housing Supply in La Verne, CA

How many homes are available in La Verne, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5145-11.8%

Summary: The La Verne real estate market had 45 homes for sale in April 2024, a 11.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 2516
-36.0%
4 1318
+38.5%
5+ 76
-14.3%

Summary: The La Verne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 36%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1916-15.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Verne, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in La Verne in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.

Days on Market for La Verne, CA

How long does it take to sell a home in La Verne, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
34 Days24 Days-30.0%

Summary: Homes in La Verne had an average of 24 days on market in Apr 2024, down by 30% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Verne are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 16 homes were sold in La Verne; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

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