Is La Cañada Flintridge, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Cañada Flintridge is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, La Cañada Flintridge has remained a Seller's Market.

Key Takeaway

La Cañada Flintridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in La Cañada Flintridge, CA

How much do homes in La Cañada Flintridge, CA cost?

Median Sold Price

$2,320,000

$1,025/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$230,000(-9.0%)

Key Takeaway

Homes in La Cañada Flintridge have sold for 9% less than they did a month ago.

Summary: The median home sold price in La Cañada Flintridge was $2,320,000 in December 2024, down 9% from last month, and the median price per square foot was $1,025.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $1.7M$1.7M
+4.4%
3 $1.6M$1.9M
+17.3%
4 $3.1M$2.8M
-9.5%
5+ $3.6M$4.6M
+26.5%

Summary: La Cañada Flintridge housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 17.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 26.5%.

Housing Supply in La Cañada Flintridge, CA

How many homes are available in La Cañada Flintridge, CA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3932-17.9%

Summary: The La Cañada Flintridge real estate market had 32 homes for sale in December 2024, a 17.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1013
+30.0%
4 158
-46.7%
5+ 129
-25.0%

Summary: The La Cañada Flintridge housing inventory by bedroom type for December 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 30%, 4 bedroom homes decreased by 46.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Cañada Flintridge, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in La Cañada Flintridge in December 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for La Cañada Flintridge, CA

How long does it take to sell a home in La Cañada Flintridge, CA?

Average Sale Time

Nov 2024Dec 2024CHANGE
33 Days41 Days+23.0%

Summary: Homes in La Cañada Flintridge had an average of 41 days on market in Dec 2024, up by 23% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in La Cañada Flintridge are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in La Cañada Flintridge; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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