December Market Update: Southern California

lots of painting across horizon

Key takeaways for the month

  • San Gabriel Valley has seen an active year. Median sale prices for single family homes in December are only 1% higher than in December 2019, indicating that the end of the year brought a return closer to the usual level of competition. However, the area saw median list price for single family homes grow 24% year over year, reinforcing that the year has been exceptionally active. 
  • East LA stayed a strong market with homes selling faster, for higher prices than in a typical year. In December, median sale price for single family homes rose 13% year-over-year while sale-to-list price ratio increased almost 4% year over year and median days on market decreased from 28 days to 11. 
  • In Irvine, median list price for single family homes showed a 28% increase year-over-year, avoiding a usual decline in November and December and widening the year-over-year gap.

Competition snapshot

Our Research Team looked into sales in a select area for a snapshot of competitiveness in the local market.

Sale Price

Based on date the property sold.

List Price

Based on date the property was listed.

Sale Price Compared to List Price

Based on date the property sold.

Days on Market

Based on the number of days between the list date and the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Listed

Based on date the property was listed.

Number of Properties Pending Sale

Based on the date the property went pending, except when sold date is earlier than pending (then based on date sold).

Number of Properties Sold

Based on date the property sold.


West LA data is for Culver City, Santa Monica, Century City, Sawtelle, and Redondo Beach.

San Gabriel Valley data is for Pasadena and Arcadia.

Irvine data is for the city of Irvine.

East LA data is for La Verne, Rowland Heights, Diamond Bar, West Covina, Hacienda Heights, Chino, and Ontario.


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