Local Market Report

South Pasadena, CA

Single-Family Homes



South Pasadena, CA

Thu Sep 16 2021
This week the median list price for South Pasadena, CA is $1,599,900 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

South Pasadena, CA

Thu Sep 16 2021
This week the median list price for South Pasadena, CA is $1,599,900 with the market action index hovering around 63. This is less than last month's market action index of 64. Inventory has decreased to 15. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $1,599,900
Median Price of New Listings $2,148,000
Per Square Foot $739
Average Days on Market 66
Median Days on Market 28
Price Decreased 20%
Price Increased 7%
Relisted 7%
Inventory 15
Median Rent $2,250
Market Action 63
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
$2,498,000 3,191 0.25 - 0.5 acre 5 4 74 1 1 112
$1,804,000 2,310 0.25 - 0.5 acre 3 3 83 1 1 42
$1,546,500 2,025 4,500 - 6,500 sqft 4 3 16 0 1 24
$624,500 1,547 4,500 - 6,500 sqft 3 2 0 0 1 35