The Claremont, CA housing market has shown notable activity over the past month, providing valuable insights for both buyers and sellers. In the last 30 days, there were 25 home sales with a median list price of $1,050,000 and a median sold price of $1,065,000. The median size of these sold homes was 1,879 square feet, situated on 10,000 square foot lots, with a median of 12 days on the market.
Comparing this to February 2025 data, the median sale price was $1.1 million, reflecting a 27.3% increase from the previous year. Homes sold after an average of 22 days on the market during that period.
The current trend of homes selling above list price, coupled with a low median days on market, indicates a seller's market in Claremont. This is further supported by the competitive nature of the market, where homes receive multiple offers and sell quickly.
However, broader market trends suggest a shift in dynamics. Factors such as high mortgage rates and economic uncertainties have led to decreased demand in some regions, granting buyers more negotiating power. In Southern California, while home prices have been rising, the market is experiencing longer time on market, indicating potential softening.
In conclusion, while Claremont currently favors sellers due to rapid sales and rising prices, it's essential for both buyers and sellers to stay informed about broader economic factors that could influence the market.
