Deasy Penner Podley's Market Report

Pasadena, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Pasadena, CA

Thu Sep 16 2021
This week the median list price for Pasadena, CA is $1,788,000 with the market action index hovering around 60. This is an increase over last month's market action index of 57. Inventory has decreased to 95. Click here to stay informed with the Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Pasadena, CA

Thu Sep 16 2021
This week the median list price for Pasadena, CA is $1,788,000 with the market action index hovering around 60. This is an increase over last month's market action index of 57. Inventory has decreased to 95. Click here to stay informed with the Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,788,000
Median Price of New Listings $1,475,000
Per Square Foot $734
Average Days on Market 74
Median Days on Market 49
Price Decreased 32%
Price Increased 8%
Relisted 12%
Inventory 95
Median Rent $3,650
Market Action 60
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$6,895,000 6,386 1 - 2.5 acres 6 6 93 2 3 112
$2,545,000 3,797 0.25 - 0.5 acre 4 4 53 1 3 70
$1,412,500 2,057 8,000 - 10,000 sqft 3 2 81 5 5 28
$917,500 1,384 6,500 - 8,000 sqft 3 2 96 6 11 10