Local Market Report

South Pasadena, CA

Single-Family Homes


South Pasadena, CA

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. 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

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.

South Pasadena, CA

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. 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

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.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
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.

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
$3,530,000 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