Key Market Highlights

1. Market Type: Seller’s Market

With only 1.97 Months of Inventory, there’s strong demand for homes compared to the available supply. This gives sellers the upper hand in negotiations, making it a favorable time to list your property.

2. Homes Are Selling Quickly

The Median Days on Market is just 7 days, highlighting how fast homes are being sold. If you’re looking to sell quickly, the market conditions are perfect for a fast turnaround.

3. Strong List-to-Sold Price Ratio

Sellers are receiving 99.4% of their asking price on average, showcasing the strength of the market. Buyers are actively competing, paying top dollar for properties in the area.

4. Competitive Median Sold Price

The Median Sold Price currently stands at $950,000, offering sellers a competitive return on their investments. Combined with the growing property value trend, this is a fantastic opportunity to maximize your home’s sale potential.

Glendora Median Estimated Property Value - Nov 16 2024

Long-Term Value Growth

The 12-Month Change in Median Estimated Property Value shows an impressive +9.4% increase. This upward trend reflects the growing value of properties in Glendora, making it an excellent time to sell and capitalize on your home’s appreciated value.

What Does This Mean for Sellers?

This vibrant market offers fantastic opportunities for sellers. The combination of low inventory, quick sales, competitive pricing, and steady value growth makes now an ideal time to list your property. Don’t wait—seize the moment to maximize your returns in today’s real estate market!

Disclaimer

The insights above are based on the current market trends as of November 16, 2024. Real estate metrics are dynamic and can change based on new listings, sales, and overall market activities. For the most up-to-date information, reach out to us directly.

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If you’d like to explore how these trends impact your property or are ready to sell, don’t hesitate to reach out! With data-driven insights and a tailored approach, I’m here to help you make the most of your real estate journey.

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