Sierra Madre Housing Market Report – May 2026
Here's a look at how the Sierra Madre, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 7
- Median Sale Price: $1,100,000
- Average Sale Price: $1,231,050
- Average Price Per Sq Ft: $1,020
- Average Days on Market: 66
- Sale-to-List Price Ratio: 93.3%
Month-Over-Month Trends
Compared to April, the median sale price in Sierra Madre moved 18.5% down (from $1,349,500 to $1,100,000). The number of homes sold was 56.2% down compared to the prior month (16 vs. 7). Average days on market shifted 11.9% up (59 days to 66 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 29.5% down (from $1,560,000 to $1,100,000). Sales volume is 22.2% down year-over-year.
What This Means
Sierra Madre's real estate market is showing signs of cooling pressure heading into summer 2026. The median sale price dropped 18.5% month-over-month and nearly 30% year-over-year, signaling meaningful softening in the luxury segment where this foothill community typically operates. With only seven sales in May, inventory movement remains sluggish, and homes are now lingering on the market for an average of 66 days—up from 59 just last month. The 93.3% sale-to-list ratio suggests sellers are making meaningful price concessions to close deals, which aligns with the broader California trend of buyer hesitation in higher price brackets.
What's particularly telling is the gap between asking prices and actual sales. The 46 active listings carry a median asking price of $1,549,500, yet homes are selling closer to $1,100,000. This disconnect indicates sellers haven't fully adjusted expectations to current market realities. Rising mortgage rates and economic uncertainty continue to weigh on buyers in Sierra Madre's premium market, where purchase power matters most. Unless conditions shift, we can expect continued downward pressure on prices and longer selling timelines through the summer months.
Sierra Madre Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91024 | 7 | $1,100,000 | $1,020 | 66 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 4 | $1,450,000 | $1,213 |
| CONDO | 1 | $820,000 | $697 |
| MULTI_FAMILY | 1 | $1,100,000 | N/A |
| TOWNHOMES | 1 | $1,017,000 | $574 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $500K - $749K | 1 |
| $750K+ | 6 |
Current Active Listings
As of this report, there are 46 active listings in Sierra Madre with a median asking price of $1,549,500 and an average of 67 days on market.
Thinking About Selling Your Sierra Madre Home?
If you're a homeowner in Sierra Madre considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Sierra Madre and throughout Los Angeles County — get a no-obligation cash offer today.