Single-Family Homes
Sat Feb 27 2021
This week the median list price for South Pasadena, CA is $2,325,000 with the market action index hovering around 57. This is less than last month's market action index of 64. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $2,325,000 | |
Per Square Foot | $812 | |
Days on Market | 11 | |
Price Decreased | 17% | |
Price Increased | 0% | |
Relisted | 6% | |
Inventory | 18 | |
Median Rent | $4,275 | |
Most Expensive | $6,500,000 | |
Least Expensive | $875,000 | |
Market Action | 57 | |
Strong Seller's Market |
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,530,000 | 5,132 | 0.25 - 0.5 acre | 6 | 6 | 29 | 0 | 0 | 91 |
$2,837,500 | 3,667 | 0.25 - 0.5 acre | 4 | 5 | 28 | 1 | 0 | 35 |
$1,948,000 | 2,310 | 0.25 - 0.5 acre | 4 | 3 | 73 | 2 | 1 | 14 |
$1,050,000 | 1,336 | 4,500 - 6,500 sqft | 3 | 2 | 95 | 1 | 0 | 7 |