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 April 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
$990,958
$630/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Upper San Gabriel Valley was $990,958 in April 2024, up 5.6% from last year, and the median price per square foot was $630.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $624K | +73.3% |
2 Bedrooms | $700K | $741.3K | +5.9% |
3 Bedrooms | $891.2K | $947.5K | +6.3% |
4 Bedrooms | $1.2M | $1.2M | +3.6% |
5+ Bedrooms | $2.4M | $2.3M | -1.7% |
Summary: Upper San Gabriel Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Temple City | $968K | $1.0M | +11.6% |
El Monte | $670K | $715K | +6.7% |
Upper San Gabriel Valley | $938.1K | $990.9K | +5.6% |
Arcadia | $1.4M | $1.4M | -0.3% |
Monrovia | $950K | $930K | -2.1% |
Housing Supply in Upper San Gabriel Valley, CA
How many homes are available in Upper San Gabriel Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
418 | 465 | +11.2% |
Summary: The Upper San Gabriel Valley real estate market had 465 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 71 | 76 | +7.0% |
3 Bedrooms | 172 | 186 | +8.1% |
4 Bedrooms | 106 | 116 | +9.4% |
5+ Bedrooms | 66 | 83 | +25.8% |
Summary: The Upper San Gabriel Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 25.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 133 | +30.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
85 Homes Were Sold
Over Asking
Summary: A total of 133 homes were sold or pending in Upper San Gabriel Valley in April 2024, up by 30.4% month-over-month. Of the 133 sold homes, 24% were sold under asking, 12% were sold at asking, and 64% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 23 Days | -43.4% |
Summary: Homes in Upper San Gabriel Valley had an average of 23 days on market in Apr 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 133 homes were sold in Upper San Gabriel Valley; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.