Local Market Report

South Pasadena, CA

Single-Family Homes



South Pasadena, CA

Tue May 18 2021
This week the median list price for South Pasadena, CA is $2,489,000 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has increased to 13. Click here to stay informed with the South Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

South Pasadena, CA

Tue May 18 2021
This week the median list price for South Pasadena, CA is $2,489,000 with the market action index hovering around 62. This is an increase over last month's market action index of 58. Inventory has increased to 13. Click here to stay informed with the South Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $2,489,000
Median Price of New Listings $2,999,999
Per Square Foot $783
Average Days on Market 54
Median Days on Market 21
Price Decreased 31%
Price Increased 8%
Relisted 8%
Inventory 13
Median Rent $4,800
Market Action 62
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,590,000 5,720 0.5 - 1 acre 6 5 105 1 0 21
$2,880,000 3,476 0.25 - 0.5 acre 5 5 49 1 0 63
$2,450,000 2,705 0.25 - 0.5 acre 4 3 61 0 1 63
$1,337,500 1,903 8,000 - 10,000 sqft 3 2 76 1 3 17