$10,000 Closing Credit*
$998,000
1,145 SqFt
3 Beds
•1 Full Bath
Ted Javidpour, Listing Office: Coldwell Banker Realty
Is Alhambra, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Alhambra has remained a Seller's Market.
Key Takeaway
Alhambra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Alhambra, CA
How much do homes in Alhambra, CA cost?
Median Sold Price
$880,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,316(+5.9%)
Key Takeaway
Homes in Alhambra have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Alhambra was $880,000 in November 2024, up 5.9% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $539.9K | +13.7% |
| 2 Bedrooms | $760K | $745.5K | -1.9% |
| 3 Bedrooms | $900K | $950K | +5.6% |
| 4 Bedrooms | $985.4K | $1.1M | +19.4% |
| 5+ Bedrooms | $1.1M | $1.3M | +21.8% |
Summary: Alhambra housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Southwest San Gabriel Valley | $833.6K | $913K | +9.5% |
| San Gabriel | $1.0M | $1.1M | +8.2% |
| Monterey Park | $859K | $929K | +8.1% |
| Alhambra | $830.6K | $880K | +5.9% |
| South Pasadena | $1.6M | $1.6M | +1.8% |
Housing Supply in Alhambra, CA
How many homes are available in Alhambra, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 97 | +1.0% |
Summary: The Alhambra real estate market had 97 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 29 | 31 | +6.9% |
| 3 Bedrooms | 42 | 37 | -11.9% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Alhambra housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Alhambra, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Alhambra in November 2024, down by 21.4% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Alhambra, CA
How long does it take to sell a home in Alhambra, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 33 Days | -1.9% |
Summary: Homes in Alhambra had an average of 33 days on market in Nov 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Alhambra are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Alhambra; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% 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.