Is East San Gabriel Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East San Gabriel Valley has remained a Seller's Market.
Housing Prices in East San Gabriel Valley, CA
How much do homes in East San Gabriel Valley, CA cost?
Median Sold Price
$774,841
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East San Gabriel Valley was $774,841 in April 2024, up 3.6% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $400K | +8.1% |
2 Bedrooms | $521.2K | $540.1K | +3.6% |
3 Bedrooms | $713K | $737.9K | +3.5% |
4 Bedrooms | $882.5K | $929.3K | +5.3% |
5+ Bedrooms | $1.1M | $1.3M | +9.5% |
Summary: East San Gabriel Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
West Covina | $762.7K | $799.1K | +4.8% |
East San Gabriel Valley | $748K | $774.8K | +3.6% |
San Dimas | $849.5K | $880K | +3.6% |
Covina | $750K | $747K | -0.4% |
Walnut | $1.1M | $1.1M | -1.7% |
Housing Supply in East San Gabriel Valley, CA
How many homes are available in East San Gabriel Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,273 | 1,318 | +3.5% |
Summary: The East San Gabriel Valley real estate market had 1,318 homes for sale in April 2024, a 3.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 27 | +12.5% |
2 Bedrooms | 161 | 158 | -1.9% |
3 Bedrooms | 527 | 530 | +0.6% |
4 Bedrooms | 379 | 413 | +9.0% |
5+ Bedrooms | 182 | 190 | +4.4% |
Summary: The East San Gabriel Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
364 | 387 | +6.3% |
Asking Price vs. Sold Price
103 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
232 Homes Were Sold
Over Asking
Summary: A total of 387 homes were sold or pending in East San Gabriel Valley in April 2024, up by 6.3% month-over-month. Of the 387 sold homes, 27% were sold under asking, 13% were sold at asking, and 60% were sold over asking.
Days on Market for East San Gabriel Valley, CA
How long does it take to sell a home in East San Gabriel Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 22 Days | -45.4% |
Summary: Homes in East San Gabriel Valley had an average of 22 days on market in Apr 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
318 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 387 homes were sold in East San Gabriel Valley; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.