$850,000
1.30 Acres
Land
Nancy Liu, Listing Office: ReMax Elite Realty
Is East San Gabriel Valley, 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, East San Gabriel Valley has remained a Seller's Market.
Key Takeaway
East San Gabriel Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East San Gabriel Valley, CA
How much do homes in East San Gabriel Valley, CA cost?
Median Sold Price
$808,097
$525/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$58,097(+7.7%)
Key Takeaway
Homes in East San Gabriel Valley have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in East San Gabriel Valley was $808,097 in November 2024, up 7.7% from last year, and the median price per square foot was $525.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395.5K | $395K | -0.1% |
| 2 Bedrooms | $530.1K | $555K | +4.7% |
| 3 Bedrooms | $716.7K | $760K | +6.0% |
| 4 Bedrooms | $887.2K | $950.8K | +7.2% |
| 5+ Bedrooms | $1.2M | $1.3M | +11.2% |
Summary: East San Gabriel Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| West Covina | $766.3K | $833.6K | +8.8% |
| East San Gabriel Valley | $750K | $808K | +7.7% |
| Walnut | $1.0M | $1.1M | +5.7% |
| Covina | $731.2K | $770K | +5.3% |
| San Dimas | $855K | $888.5K | +3.9% |
Housing Supply in East San Gabriel Valley, CA
How many homes are available in East San Gabriel Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,537 | 1,398 | -9.0% |
Summary: The East San Gabriel Valley real estate market had 1,398 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 19 | +5.6% |
| 2 Bedrooms | 211 | 174 | -17.5% |
| 3 Bedrooms | 613 | 561 | -8.5% |
| 4 Bedrooms | 489 | 438 | -10.4% |
| 5+ Bedrooms | 206 | 206 | 0.0% |
Summary: The East San Gabriel Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 398 | 335 | -15.8% |
Asking Price vs. Sold Price
135 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
148 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East San Gabriel Valley, you could pay more than the asking price. 44.3% of homes here sold above asking price last month.
Summary: A total of 335 homes were sold or pending in East San Gabriel Valley in November 2024, down by 15.8% month-over-month. Of the 334 sold homes, 40% were sold under asking, 15% were sold at asking, and 44% were sold over asking.
Days on Market for East San Gabriel Valley, CA
How long does it take to sell a home in East San Gabriel Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +17.1% |
Summary: Homes in East San Gabriel Valley had an average of 28 days on market in Nov 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
237 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East San Gabriel Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 335 homes were sold in East San Gabriel Valley; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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.