This post delves into the Altadena real estate market, comparing the dynamic changes from February to March 2024. We analyze active listings, median list prices, sales, and market time, offering insights into local housing trends. This comparative study provides valuable information for buyers and sellers, highlighting market shifts over 60 days.
February 2024 Statistics:
- Active Listings: 24 properties were on the market.
- Median List Price: The median list price stood at $1,164,500.
- Median List Price per Square Foot: Approximately $734.
- Sold Homes: A total of 25 homes were sold.
- Average Market Time: Homes spent an average of 13 days on the market.
- Median Sold Price: The median sale price was $1,240,000.
March 2024 Statistics:
- Active Listings: There were also 24 active listings, consistent with the previous month.
- Median List Price: A significant increase to $1,399,000.
- Median Price per Square Foot: Rose to $821.
- Closed Sales: 21 homes closed, a slight decrease from February.
- Average Market Time: Increased to 16 days.
- Median Sale Price: Reached $1,303,000, showing an upward trend.
The Altadena real estate market experienced notable changes between February and March 2024. Despite the constant number of active listings, the median list price substantially increased, reflecting a growing demand or shifting towards higher-valued properties. The increase in median price per square foot further corroborates this trend. Although the number of closed sales slightly decreased, the rise in the median sale price suggests a competitive market environment, likely driven by quality over quantity. The average market time also saw a moderate increase, indicating a more deliberate pace of sales. Overall, these statistics point towards a robust and evolving market in Altadena, providing intriguing opportunities for both buyers and sellers.
Homes for sale in Altadena:
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