Doug Colliflower's Market Report

Altadena, CA 91001

Single-Family Homes

626-524-4158 | doug@bhhsgolden.com | www.dougcolliflower.com



Altadena, CA 91001

Sat Nov 27 2021
This week the median list price for Altadena, CA 91001 is $1,023,250 with the market action index hovering around 71. This is less than last month's market action index of 75. Inventory has decreased to 32. Click here to stay informed with the Altadena 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Altadena, CA 91001

Sat Nov 27 2021
This week the median list price for Altadena, CA 91001 is $1,023,250 with the market action index hovering around 71. This is less than last month's market action index of 75. Inventory has decreased to 32. Click here to stay informed with the Altadena 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,023,250
Median Price of New Listings $1,049,000
Per Square Foot $748
Average Days on Market 44
Median Days on Market 21
Price Decreased 22%
Price Increased 0%
Relisted 0%
Inventory 32
Median Rent $4,300
Market Action 71
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,872,000 2,403 8,000 - 10,000 sqft 4 3 39 3 2 28
$1,299,499 1,821 0.25 - 0.5 acre 3 2 96 2 2 45
$915,000 1,174 6,500 - 8,000 sqft 3 2 82 2 3 14
$837,000 1,272 6,500 - 8,000 sqft 2 1 84 2 3 35