$10,000 Closing Credit*
$1,098,000
1,639 SqFt
3 Beds
•2 Full Baths
Tony Dowdy, Listing Office: Coldwell Banker Realty
Is San Gabriel, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Gabriel has remained a Seller's Market.
Key Takeaway
San Gabriel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Gabriel, CA
How much do homes in San Gabriel, CA cost?
Median Sold Price
$1,115,600
$673/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,600(+11.6%)
Key Takeaway
Homes in San Gabriel have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in San Gabriel was $1,115,600 in October 2024, up 11.6% from last year, and the median price per square foot was $673.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $769K | +2.5% |
| 2 Bedrooms | $820.9K | $867.5K | +5.7% |
| 3 Bedrooms | $958K | $1.1M | +14.8% |
| 4 Bedrooms | $1.2M | $1.3M | +12.7% |
| 5+ Bedrooms | $1.5M | $1.7M | +8.8% |
Summary: San Gabriel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| San Marino | $2.5M | $2.9M | +13.2% |
| Rosemead | $800K | $894.5K | +11.8% |
| San Gabriel | $1.0M | $1.1M | +11.6% |
| Temple City | $999K | $1.1M | +10.2% |
| Southwest San Gabriel Valley | $827.1K | $900K | +8.8% |
Housing Supply in San Gabriel, CA
How many homes are available in San Gabriel, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 68 | -2.9% |
Summary: The San Gabriel real estate market had 68 homes for sale in October 2024, a 2.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The San Gabriel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Gabriel, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in San Gabriel in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for San Gabriel, CA
How long does it take to sell a home in San Gabriel, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 32 Days | +103.3% |
Summary: Homes in San Gabriel had an average of 32 days on market in Oct 2024, up by 103.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Gabriel are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in San Gabriel; 65% of homes were sold within 30 days, 26% 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.