Is San Marino, 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, San Marino has remained a Seller's Market.
Housing Prices in San Marino, CA
How much do homes in San Marino, CA cost?
Median Sold Price
$2,920,000
$1,014/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Marino was $2,920,000 in May 2024, up 13.6% from last year, and the median price per square foot was $1,014.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.6M | $1.8M | +10.8% |
3 Bedrooms | $1.9M | $2.0M | +6.4% |
4 Bedrooms | $2.6M | $3.3M | +26.7% |
5+ Bedrooms | $3.9M | $3.8M | -4.7% |
Summary: San Marino 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 10.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
San Gabriel | $938K | $1.1M | +23.5% |
San Marino | $2.5M | $2.9M | +13.6% |
Pasadena | $1.0M | $1.2M | +12.1% |
South Pasadena | $1.5M | $1.7M | +11.3% |
Alhambra | $801.6K | $860K | +7.3% |
Housing Supply in San Marino, CA
How many homes are available in San Marino, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 62 | +19.2% |
Summary: The San Marino real estate market had 62 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 | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 21 | 19 | -9.5% |
5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The San Marino 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 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in San Marino in May 2024, up by 100.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for San Marino, CA
How long does it take to sell a home in San Marino, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 23 Days | -54.2% |
Summary: Homes in San Marino had an average of 23 days on market in May 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in San Marino; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.