Is Upper San Gabriel Valley, 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, Upper San Gabriel Valley has remained a Seller's Market.
Housing Prices in Upper San Gabriel Valley, CA
How much do homes in Upper San Gabriel Valley, CA cost?
Median Sold Price
$990,600
$635/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper San Gabriel Valley was $990,600 in May 2024, up 6% from last year, and the median price per square foot was $635.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392.5K | $523.5K | +33.4% |
2 Bedrooms | $700K | $739.6K | +5.7% |
3 Bedrooms | $880K | $949.9K | +7.9% |
4 Bedrooms | $1.2M | $1.3M | +5.5% |
5+ Bedrooms | $2.4M | $2.6M | +9.9% |
Summary: Upper San Gabriel Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Temple City | $977.5K | $1.0M | +10.9% |
El Monte | $665K | $725K | +9.0% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
Monrovia | $927.5K | $928K | 0.1% |
Arcadia | $1.4M | $1.3M | -3.2% |
Housing Supply in Upper San Gabriel Valley, CA
How many homes are available in Upper San Gabriel Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
459 | 458 | -0.2% |
Summary: The Upper San Gabriel Valley real estate market had 458 homes for sale in May 2024, a 0.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 75 | 69 | -8.0% |
3 Bedrooms | 195 | 182 | -6.7% |
4 Bedrooms | 112 | 115 | +2.7% |
5+ Bedrooms | 73 | 88 | +20.5% |
Summary: The Upper San Gabriel Valley 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 8%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 20.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
137 | 122 | -10.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
70 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Upper San Gabriel Valley in May 2024, down by 10.9% month-over-month. Of the 122 sold homes, 30% were sold under asking, 12% were sold at asking, and 57% were sold over asking.
Days on Market for Upper San Gabriel Valley, CA
How long does it take to sell a home in Upper San Gabriel Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 21 Days | -22.7% |
Summary: Homes in Upper San Gabriel Valley had an average of 21 days on market in May 2024, down by 22.7% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 122 homes were sold in Upper San Gabriel Valley; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.