Deasy Penner Podley's Market Report

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Mon Sep 28 2020
This week the median list price for Pasadena, CA is $1,600,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 149. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Pasadena, CA

Mon Sep 28 2020
This week the median list price for Pasadena, CA is $1,600,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 149. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,600,000
Per Square Foot $662
Days on Market 84
Price Decreased 30%
Price Increased 3%
Relisted 26%
Inventory 149
Median Rent $3,700
Most Expensive $39,800,000
Least Expensive $550,000
Market Action 45
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
$4,500,000 5,741 0.5 - 1 acre 5 6 59 3 1 126
$1,999,000 3,254 0.25 - 0.5 acre 4 4 69 8 6 92
$1,350,000 2,282 8,000 - 10,000 sqft 4 3 83 7 7 74
$814,450 1,330 6,500 - 8,000 sqft 3 2 94 11 9 44