Deasy Penner Podley's Market Report

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Sat May 30 2020
This week the median list price for Pasadena, CA is $1,679,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 141. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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.

Pasadena, CA

Sat May 30 2020
This week the median list price for Pasadena, CA is $1,679,000 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 141. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since 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 Pasadena market.
Median List Price $1,679,000
Per Square Foot $637
Days on Market 100
Price Decreased 26%
Price Increased 3%
Relisted 13%
Inventory 141
Median Rent $3,498
Most Expensive $11,680,000
Least Expensive $459,000
Market Action 44
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$4,250,000 5,212 0.5 - 1 acre 5 6 70 1 2 180
$1,895,000 2,820 0.25 - 0.5 acre 4 4 72 5 4 112
$1,320,000 2,228 8,000 - 10,000 sqft 3 3 75 9 3 59
$849,000 1,449 6,500 - 8,000 sqft 3 2 95 7 10 50