Is La Verne, 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, La Verne has remained a Seller's Market.
Key Takeaway
La Verne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in La Verne, CA
How much do homes in La Verne, CA cost?
Median Sold Price
$923,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in La Verne have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in La Verne was $923,000 in May 2024, up 7.3% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $407.5K | -23.8% |
| 2 Bedrooms | $430K | $445K | +3.5% |
| 3 Bedrooms | $787K | $855.5K | +8.7% |
| 4 Bedrooms | $1.0M | $997.5K | -0.3% |
| 5+ Bedrooms | $1.3M | $1.2M | -7.5% |
Summary: La Verne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| La Verne | $860K | $923K | +7.3% |
| Pomona | $614.2K | $645K | +5.0% |
| East San Gabriel Valley | $743.2K | $779.7K | +4.9% |
| San Dimas | $850K | $875K | +2.9% |
| Claremont | $906.6K | $923.3K | +1.8% |
Housing Supply in La Verne, CA
How many homes are available in La Verne, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 53 | +12.8% |
Summary: The La Verne real estate market had 53 homes for sale in May 2024, a 12.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The La Verne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Verne, you could pay more than the asking price. 73.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in La Verne in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for La Verne, CA
How long does it take to sell a home in La Verne, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 32 Days | +6.7% |
Summary: Homes in La Verne had an average of 32 days on market in May 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in La Verne are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in La Verne; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% 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.