View homes for sale in San Marino, CA with real estate agent Amy Engler.
San Marino, CA Housing Market Trends
In December 2024, San Marino’s real estate market saw a substantial 38.6% increase in home prices, with the median sale price reaching $2.9 million. This sharp price appreciation highlights the continued desirability of San Marino’s prestigious housing market. However, homes are now spending significantly more time on the market—66 days on average compared to just 11 days last year—suggesting that while demand remains strong, buyers may be taking a more measured approach in this high-end market. Despite the longer sales timeline, transaction volume more than doubled, with 8 homes sold in December compared to just 3 last year, indicating renewed activity and confidence in the area’s luxury real estate sector.
San Marino’s real estate market is somewhat competitive, with homes selling in an average of 53 days, reflecting steady buyer interest in this prestigious area. While not every property sees bidding wars, some homes do receive multiple offers, particularly those in prime locations or featuring desirable upgrades. On average, homes sell for about 1% above the listing price and go pending within 53 days, indicating that well-priced properties are attracting serious buyers. However, highly sought-after “hot” homes—those with exceptional features or move-in-ready appeal—can sell for as much as 8% above asking price and go under contract in just 23 days, underscoring the strong demand for premium properties in San Marino’s luxury market.
As of December 2024, San Marino, CA, remains a seller’s market, meaning buyer demand exceeds available inventory. With limited homes on the market, sellers hold the advantage, often receiving strong offers and favorable terms. While homes are spending more time on the market than last year, prices have surged by 38.6%, indicating that well-positioned properties continue to attract buyers willing to pay a premium. Competitive listings may even receive multiple offers and sell above asking price, particularly for move-in-ready or well-located homes. For sellers, this presents a prime opportunity to capitalize on San Marino’s high demand and maximize their return on investment.
San Marino’s luxury real estate market offers stunning homes, top-rated schools, and a prestigious community atmosphere. Whether you're looking for a spacious estate, a charming historic home, or a prime investment property, Amy is here to help. With expert knowledge of the San Marino market, she can guide you through every step of the buying process. Contact Amy today to explore available homes and find the perfect property that fits your lifestyle and goals!
Thinking about moving to San Marino, CA? Explore our comprehensive neighborhood guide to uncover everything this prestigious community has to offer—from top-rated schools and luxury real estate to local amenities and lifestyle highlights. Whether you're searching for your dream home or just getting to know the area, our guide has all the insights you need. Start exploring now and see why San Marino is one of Southern California’s most sought-after places to live!
As a consistent top producer within her brokerage Amy is a hardworking and trustworthy real estate professional who makes sure that her clients receive the great service they deserve.
