Local Market Report

South Pasadena, CA

Single-Family Homes



South Pasadena, CA

Wed Oct 20 2021
This week the median list price for South Pasadena, CA is $1,616,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 12. 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. 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

Wed Oct 20 2021
This week the median list price for South Pasadena, CA is $1,616,000 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 12. 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. 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 $1,616,000
Median Price of New Listings $0
Per Square Foot $856
Average Days on Market 35
Median Days on Market 25
Price Decreased 42%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent $2,325
Market Action 60
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,500,000 2,740 0.25 - 0.5 acre 3 4 61 0 1 21
$1,749,000 2,130 0.25 - 0.5 acre 3 3 56 0 0 63
$1,539,900 1,840 4,500 - 6,500 sqft 4 3 17 0 3 42
$1,199,950 1,373 0.25 - 0.5 acre 2 1 74 0 1 7