Glendora Market Update

As of August 31st, the average home price in Glendora, CA is on the decline at $901,578 down from $1,019,364.. The average price per square foot is $483. There are 42 homes for sale currently on the market, and the average days on market is 14 days.

Inventory is increasing slightly which accounts for the declining home prices, but sales are still strong making this a great time to sell. Mortgage rates are hovering at historically low levels with rates on fixed-rate mortgages holding steady at less than 3%. Although home affordability has taken a beating this summer, low mortgage rates can help many buyers get into the home of their dreams.

If you’d like a property/market report for your neighborhood, please reach out to me. I’m always happy to help.

(Lou Serrano is a REALTOR® residing in San Dimas, CA with specialized knowledge of the San Dimas, Glendora, and La Verne marketplace. If you’re looking to buy or sell, feel free to reach out for a free, no-obligation consultation.)