Is Sierra Madre, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sierra Madre has remained a Buyer's Market.
Key Takeaway
Sierra Madre is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sierra Madre, CA
How much do homes in Sierra Madre, CA cost?
Median Sold Price
$1,376,000
$756/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sierra Madre have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Sierra Madre was $1,376,000 in April 2024, down 5.1% from last year, and the median price per square foot was $756.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $736.5K | N/A |
| 2 Bedrooms | $905K | $1.1M | +24.3% |
| 3 Bedrooms | $1.4M | $1.3M | -8.6% |
| 4 Bedrooms | $2.0M | $1.9M | -4.1% |
| 5+ Bedrooms | $2.7M | $3.0M | +10.5% |
Summary: Sierra Madre 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 24.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Pasadena | $1.0M | $1.1M | +12.0% |
| Upper San Gabriel Valley | $938.1K | $990.9K | +5.6% |
| South Antelope Valley | $526.3K | $530.6K | +0.8% |
| Arcadia | $1.4M | $1.4M | -0.3% |
| Sierra Madre | $1.4M | $1.3M | -5.1% |
Housing Supply in Sierra Madre, CA
How many homes are available in Sierra Madre, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Sierra Madre real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Sierra Madre housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sierra Madre, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sierra Madre in April 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Sierra Madre, CA
How long does it take to sell a home in Sierra Madre, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 11 Days | -61.1% |
Summary: Homes in Sierra Madre had an average of 11 days on market in Apr 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sierra Madre are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Sierra Madre; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.