San Marino, CA Real Estate for Sale

In May 2025, San Marino’s housing market saw a modest 1.4% year-over-year increase in median home prices, reaching $3.0M, reflecting stable demand in this luxury market segment. Homes are selling at nearly the same pace as last year, averaging 27 days on the market compared to 26 days in May 2024, indicating consistent buyer interest for well-priced properties. However, sales volume declined significantly, with only 8 homes sold this May compared to 14 the previous year, suggesting either limited inventory or a more selective pool of high-end buyers. Despite the drop in transactions, the steady pricing underscores San Marino’s continued desirability.

San Marino remains a very competitive market, with homes typically going pending in about 27 days. Many properties receive multiple offers, and some buyers are waiving contingencies to secure desirable homes. On average, homes sell for around 4% above list price, reflecting strong demand and limited inventory. Hot homes—particularly those in prime locations or with luxury upgrades—can sell for as much as 10% above asking and go under contract in as little as 13 days, underscoring the urgency for buyers in this high-end market.

As of June 2025, San Marino, CA is a strong seller’s market, with buyer demand exceeding the available housing inventory. This imbalance creates a competitive environment where homes often receive multiple offers, sell quickly, and frequently close above asking price. Sellers are well-positioned to secure favorable terms, while buyers face limited options and need to act decisively—often submitting strong, contingency-free offers to compete in this high-demand luxury market.