Justin Tye

Alhambra, CA

Single-Family Homes

Active Realty I REAL



Alhambra, CA

Thu Sep 19 2024
This week the median list price for Alhambra, CA is $1,184,500 with the market action index hovering around 51. This is less than last month's market action index of 60. Inventory has increased to 34. Click here to stay informed with the Alhambra market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Alhambra, CA

Thu Sep 19 2024
This week the median list price for Alhambra, CA is $1,184,500 with the market action index hovering around 51. This is less than last month's market action index of 60. Inventory has increased to 34. Click here to stay informed with the Alhambra market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Alhambra market.
Median List Price $1,184,500
Median Price of New Listings $999,000
Per Square Foot $681
Average Days on Market 58
Median Days on Market 21
Price Decreased 18%
Price Increased 6%
Relisted 12%
Inventory 34
Median Rent
Market Action 51
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,495,000 2,293 6,500 - 8,000 sqft 4 3 99 0 0 31
$1,250,000 1,670 6,500 - 8,000 sqft 3 2.3 76 1 1 77
$1,050,000 1,721 6,500 - 8,000 sqft 3 2 87 2 0 14
$849,900 1,202 4,500 - 6,500 sqft 2 1 97 2 1 7