Published October 12, 2026 in Market Update

Nearly Half of Alhambra Sellers Cut Their Price. Every One Still Sold.

By Jason & Susan Zwolak

Real estate, Alhambra

People say it all the time: if a seller drops their price, they are losing. They gave something up. The buyer won. I pulled every listing in Alhambra through October 12, 2026, and here is what the numbers actually say.

A price cut is not a loss. It is a reset that gets a home sold.

Right now, 46% of the 87 homes for sale in Alhambra have already dropped their price. The typical cut is $31,000. On one home on Edgewood, the cut was $189,112. Those are real dollars left on the table before the home even finds a buyer, right?

Not quite. Look at what happened to the 284 homes that did sell. The typical home got 100% of its last asking price. Not 98%. Not 99.5%. One hundred percent. A price cut did not hurt sellers at closing. It got them to closing.

And not one of those 284 homes gave up. Zero came off the market without a sale. That is the whole file. Every home that found a buyer got there, even the ones that needed a reset first.

The mistake sellers make is treating the first number they pick as the finish line. It is not. The first price is a guess about the market. The market answers back. When it does, adjusting is not losing. It is listening.

Price it right from the start and you may not need to cut at all

Here is the part that matters even more. Look at homes priced between $800K and $1M. The typical one sold for $932,000, which was 100.7% of what it first asked. Sellers in that range did not just get their price. They got a little more. Zero homes in that range gave up.

Homes priced from $1M to $1.2M also hit 100% of their first price. Homes from $700K to $800K landed at 99.3%. Even the highest-priced group, $1.2M and up, came in at 97% of what they first asked, and every single one sold.

The pattern is clear. Homes priced closer to where the market actually is need fewer cuts and close stronger. The ones sitting with a dropped price right now started somewhere the market did not agree with.

What this means for you right now

If you are selling, the good news is real: Alhambra is sitting at 3.9 months of supply, which favors sellers. Under 4 months means buyers have fewer choices and less room to push back. But 46% of the homes on the market right now have already had to drop their price. The sellers who priced right from the start are the ones who closed at 100% or better. The ones who priced high are the ones doing the cutting.

If you are buying, nearly half of what is on the market right now has already come down from its first price. That is worth knowing before you make an offer. The 30-year fixed rate averaged 7.40% as of October 8, 2026, up from 6.30% a year ago (Freddie Mac's Primary Mortgage Market Survey). That gap changes what you can afford and how hard you can push on price. Cash buyers made up 49.3% of all sales in Alhambra, so if you are using a loan, a clean offer matters more than ever.