Is San Gabriel, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Gabriel has remained a Seller's Market.
Housing Prices in San Gabriel, CA
How much do homes in San Gabriel, CA cost?
Median Sold Price
$1,158,000
$670/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Gabriel was $1,158,000 in May 2024, up 23.5% from last year, and the median price per square foot was $670.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $732.5K | - | N/A |
2 Bedrooms | $779.8K | $866.5K | +11.1% |
3 Bedrooms | $922.5K | $1.1M | +19.2% |
4 Bedrooms | $1.2M | $1.3M | +7.0% |
5+ Bedrooms | $1.5M | $1.6M | +4.7% |
Summary: San Gabriel housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $938K | $1.1M | +23.5% |
San Marino | $2.5M | $2.9M | +13.6% |
Temple City | $977.5K | $1.0M | +10.9% |
Rosemead | $776K | $850K | +9.5% |
Southwest San Gabriel Valley | $808.5K | $866.6K | +7.2% |
Housing Supply in San Gabriel, CA
How many homes are available in San Gabriel, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 76 | -9.5% |
Summary: The San Gabriel real estate market had 76 homes for sale in May 2024, a 9.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 38 | 33 | -13.2% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The San Gabriel housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 14 | -61.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in San Gabriel in May 2024, down by 61.1% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 38 Days | +30.0% |
Summary: Homes in San Gabriel had an average of 38 days on market in May 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in San Gabriel; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.