Local Market Report

South Pasadena, CA

Single-Family Homes


South Pasadena, CA

Tue Sep 27 2022
This week the median list price for South Pasadena, CA is $2,272,500 with the market action index hovering around 52. This is less than last month's market action index of 56. Inventory has increased to 18. 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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.

South Pasadena, CA

Tue Sep 27 2022
This week the median list price for South Pasadena, CA is $2,272,500 with the market action index hovering around 52. This is less than last month's market action index of 56. Inventory has increased to 18. 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. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $2,272,500
Median Price of New Listings $2,046,500
Per Square Foot $843
Average Days on Market 57
Median Days on Market 35
Price Decreased 39%
Price Increased 0%
Relisted 0%
Inventory 18
Median Rent
Market Action 52
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$2,919,500 3,213 0.25 - 0.5 acre 4 4 7 0 0 80
$2,535,000 2,581 6,500 - 8,000 sqft 4 3 112 2 0 14
$1,899,000 2,651 8,000 - 10,000 sqft 3 2 56 0 0 21
$1,498,000 2,079 6,500 - 8,000 sqft 3 2 71 2 0 7