Is La Crescenta, 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 Crescenta has remained a Seller's Market.
Housing Prices in La Crescenta, CA
How much do homes in La Crescenta, CA cost?
Median Sold Price
$1,260,000
$773/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in La Crescenta was $1,260,000 in May 2024, up 5.9% from last year, and the median price per square foot was $773.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $470K | $484.5K | +3.1% |
2 Bedrooms | $855K | $982.5K | +14.9% |
3 Bedrooms | $1.2M | $1.2M | +4.6% |
4 Bedrooms | $1.6M | $1.5M | -6.3% |
5+ Bedrooms | $2.1M | $2.2M | +8.8% |
Summary: La Crescenta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.1%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
San Fernando Valley | $894.9K | $949.5K | +6.1% |
La Crescenta | $1.1M | $1.2M | +5.9% |
La Canada Flintridge | $2.2M | $2.3M | +4.7% |
Glendale | $1.1M | $1.1M | +4.0% |
South Antelope Valley | $525K | $532K | +1.3% |
Housing Supply in La Crescenta, CA
How many homes are available in La Crescenta, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 71 | +20.3% |
Summary: The La Crescenta real estate market had 71 homes for sale in May 2024, a 20.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 33 | 37 | +12.1% |
4 Bedrooms | 11 | 20 | +81.8% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The La Crescenta 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 11.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 81.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in La Crescenta in May 2024, up by 28.6% month-over-month. Of the 18 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for La Crescenta, CA
How long does it take to sell a home in La Crescenta, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 15 Days | -5.9% |
Summary: Homes in La Crescenta had an average of 15 days on market in May 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in La Crescenta; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.