Deasy Penner Podley's Market Report

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Sat Nov 27 2021
This week the median list price for Pasadena, CA is $1,699,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has decreased to 91. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Pasadena, CA

Sat Nov 27 2021
This week the median list price for Pasadena, CA is $1,699,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has decreased to 91. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,699,000
Median Price of New Listings $999,000
Per Square Foot $794
Average Days on Market 83
Median Days on Market 42
Price Decreased 31%
Price Increased 4%
Relisted 9%
Inventory 91
Median Rent $1,675
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$5,890,000 5,681 0.5 - 1 acre 5 6 93 0 3 154
$2,375,000 3,215 0.25 - 0.5 acre 4 4 72 5 7 49
$1,399,980 2,010 8,000 - 10,000 sqft 3 2 84 3 6 35
$899,000 1,117 4,500 - 6,500 sqft 2 1.5 98 9 12 21