Local Market Report

South Pasadena, CA

Single-Family Homes


South Pasadena, CA

Fri May 27 2022
This week the median list price for South Pasadena, CA is $1,960,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 9. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

South Pasadena, CA

Fri May 27 2022
This week the median list price for South Pasadena, CA is $1,960,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 9. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $1,960,000
Median Price of New Listings $2,800,000
Per Square Foot $864
Average Days on Market 92
Median Days on Market 28
Price Decreased 44%
Price Increased 11%
Relisted 11%
Inventory 9
Median Rent
Market Action 66
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,799,500 3,520 0.25 - 0.5 acre 3 4.5 32 1 1 101
$2,679,500 2,973 0.25 - 0.5 acre 4 3 55 0 1 248
$1,880,000 2,357 8,000 - 10,000 sqft 3 2.5 92 0 0 24
$1,550,888 1,647 6,500 - 8,000 sqft 3 2 96 0 1 28