San Marino, CA Real Estate for Sale

In November 2024, home prices in San Marino saw a slight decline of 0.79% year-over-year, with the median sale price settling at $3.8 million. Homes in the area are taking a bit longer to sell, with an average of 56 days on the market, compared to just 28 days in November 2023. Despite this, the sales volume remained steady, with 12 homes sold in November this year, matching the total from the previous year. This trend suggests a slight cooling in market velocity, though demand remains strong at the high-end price point, reflecting a stable yet more cautious market.

The San Marino housing market is moderately competitive, with homes typically selling within 49 days. While many homes sell close to their listing price, some properties do receive multiple offers, indicating ongoing demand. On average, homes go pending after about 49 days on the market. However, particularly desirable homes—often referred to as "hot" properties—can sell for around 3% above the listing price and go pending in as little as 24 days, highlighting the continued interest in well-priced, move-in-ready homes in the area.

In December 2024, San Marino, CA, is experiencing a seller’s market, where demand outweighs the supply of available homes. This means there are more buyers actively searching for properties than there are homes on the market, giving sellers the advantage in negotiations and often leading to quicker sales at favorable prices.