Is La Verne, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, La Verne was a Neutral Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $407.5K | +16.4% |
2 Bedrooms | $430K | $433.5K | +0.8% |
3 Bedrooms | $785K | $872.5K | +11.1% |
4 Bedrooms | $1.0M | $1.0M | 0.0% |
5+ Bedrooms | $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 | $860K | $928K | +7.9% |
Pomona | $616K | $640.6K | +4.0% |
San Dimas | $849.5K | $880K | +3.6% |
East San Gabriel Valley | $748K | $774.8K | +3.6% |
Claremont | $905K | $920K | +1.7% |
Housing Supply in La Verne, CA
How many homes are available in La Verne, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 45 | -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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 25 | 16 | -36.0% |
4 Bedrooms | 13 | 18 | +38.5% |
5+ Bedrooms | 7 | 6 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 24 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
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.