Is San Marino, 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, San Marino was a Seller's Market.
Key Takeaway
San Marino is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in San Marino, CA
How much do homes in San Marino, CA cost?
Median Sold Price
$2,900,000
$1,000/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in San Marino have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in San Marino was $2,900,000 in April 2024, up 9.8% from last year, and the median price per square foot was $1,000.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.5M | $1.6M | +2.5% |
| 3 Bedrooms | $2.0M | $2.0M | 0.4% |
| 4 Bedrooms | $2.8M | $3.2M | +13.3% |
| 5+ Bedrooms | $3.5M | $4.0M | +14.3% |
Summary: San Marino housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| San Gabriel | $950K | $1.1M | +21.3% |
| Pasadena | $1.0M | $1.1M | +12.0% |
| San Marino | $2.6M | $2.9M | +9.8% |
| South Pasadena | $1.5M | $1.6M | +5.8% |
| Alhambra | $801.6K | $842.5K | +5.1% |
Housing Supply in San Marino, CA
How many homes are available in San Marino, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The San Marino real estate market had 50 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The San Marino 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Marino, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in San Marino in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for San Marino, CA
How long does it take to sell a home in San Marino, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 105 Days | +163.2% |
Summary: Homes in San Marino had an average of 105 days on market in Apr 2024, up by 163.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Marino are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in San Marino; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.