$6,988,000
8,836 SqFt
6 Beds
•7 Full Baths
Guodong Wang, Listing Office: COMPASS
Is The San Gabriel Valley, 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, The San Gabriel Valley has remained a Seller's Market.
Key Takeaway
The San Gabriel Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The San Gabriel Valley, CA
How much do homes in The San Gabriel Valley, CA cost?
Median Sold Price
$877,643
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$61,559(+7.5%)
Key Takeaway
Homes in The San Gabriel Valley have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in The San Gabriel Valley was $877,643 in October 2024, up 7.5% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $433.5K | $460K | +6.1% |
| 2 Bedrooms | $625K | $669.8K | +7.2% |
| 3 Bedrooms | $770.9K | $835K | +8.3% |
| 4 Bedrooms | $957.6K | $1.0M | +9.8% |
| 5+ Bedrooms | $1.4M | $1.6M | +13.8% |
Summary: The San Gabriel Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Neighborhoods
| The San Gabriel Valley | $816K | $877.6K | +7.5% |
| Valinda | $692.5K | $742K | +7.1% |
| West Puente Valley | $686.7K | $715K | +4.1% |
Housing Supply in The San Gabriel Valley, CA
How many homes are available in The San Gabriel Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,263 | 2,305 | +1.9% |
Summary: The The San Gabriel Valley real estate market had 2,305 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 39 | +8.3% |
| 2 Bedrooms | 376 | 354 | -5.9% |
| 3 Bedrooms | 917 | 923 | +0.7% |
| 4 Bedrooms | 606 | 642 | +5.9% |
| 5+ Bedrooms | 328 | 347 | +5.8% |
Summary: The The San Gabriel Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 522 | 570 | +9.2% |
Asking Price vs. Sold Price
205 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
294 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The San Gabriel Valley, you could pay more than the asking price. 51.6% of homes here sold above asking price last month.
Summary: A total of 570 homes were sold or pending in The San Gabriel Valley in October 2024, up by 9.2% month-over-month. Of the 570 sold homes, 36% were sold under asking, 12% were sold at asking, and 52% were sold over asking.
Days on Market for The San Gabriel Valley, CA
How long does it take to sell a home in The San Gabriel Valley, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +10.5% |
Summary: Homes in The San Gabriel Valley had an average of 29 days on market in Oct 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
388 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The San Gabriel Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 570 homes were sold in The San Gabriel Valley; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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.