Is Sierra Madre, 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, Sierra Madre has remained a Seller's Market.
Housing Prices in Sierra Madre, CA
How much do homes in Sierra Madre, CA cost?
Median Sold Price
$1,330,000
$759/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sierra Madre was $1,330,000 in May 2024, down 8.3% from last year, and the median price per square foot was $759.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $736.5K | N/A |
2 Bedrooms | $900K | $1.1M | +26.4% |
3 Bedrooms | $1.4M | $1.3M | -7.1% |
4 Bedrooms | $2.0M | $1.8M | -9.3% |
5+ Bedrooms | $2.9M | $2.2M | -25.2% |
Summary: Sierra Madre 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 26.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Cities
Pasadena | $1.0M | $1.2M | +12.1% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
South Antelope Valley | $525K | $532K | +1.3% |
Arcadia | $1.4M | $1.3M | -3.2% |
Sierra Madre | $1.4M | $1.3M | -8.3% |
Housing Supply in Sierra Madre, CA
How many homes are available in Sierra Madre, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The Sierra Madre real estate market had 31 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Sierra Madre 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 increased by 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Sierra Madre in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 19 Days | +96.4% |
Summary: Homes in Sierra Madre had an average of 19 days on market in May 2024, up by 96.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Sierra Madre; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.