$3,895,000
4,407 SqFt
5 Beds
•4 Full Baths, 1 Partial
Darrell Done, Listing Office: Coldwell Banker Realty
Is Sierra Madre, 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, Sierra Madre has remained a Seller's Market.
Key Takeaway
Sierra Madre is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sierra Madre, CA
How much do homes in Sierra Madre, CA cost?
Median Sold Price
$1,387,500
$766/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$87,500(+6.7%)
Key Takeaway
Homes in Sierra Madre have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Sierra Madre was $1,387,500 in October 2024, up 6.7% from last year, and the median price per square foot was $766.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $736.5K | $652K | -11.5% |
| 2 Bedrooms | $900K | $1.1M | +26.7% |
| 3 Bedrooms | $1.3M | $1.2M | -4.9% |
| 4 Bedrooms | $2.0M | $1.7M | -13.2% |
| 5+ Bedrooms | $2.1M | $2.2M | +1.3% |
Summary: Sierra Madre housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Pasadena | $1.1M | $1.2M | +9.3% |
| Upper San Gabriel Valley | $938.6K | $1.0M | +9.1% |
| Sierra Madre | $1.3M | $1.3M | +6.7% |
| South Antelope Valley | $525K | $540K | +2.9% |
| Arcadia | $1.3M | $1.4M | +2.1% |
Housing Supply in Sierra Madre, CA
How many homes are available in Sierra Madre, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Sierra Madre real estate market had 30 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sierra Madre housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sierra Madre, 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 Sierra Madre in October 2024, down by 12.5% 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 Sierra Madre, CA
How long does it take to sell a home in Sierra Madre, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +8.2% |
Summary: Homes in Sierra Madre had an average of 35 days on market in Oct 2024, up by 8.2% compared to last year.
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
Key Takeaway
Many homes in Sierra Madre are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Sierra Madre; 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.
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.