DPP | Compass' Market Report

Pasadena, CA

Single-Family Homes

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Pasadena, CA

Mon Mar 18 2024
This week the median list price for Pasadena, CA is $1,881,499 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has held steady at or around 70. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Pasadena, CA

Mon Mar 18 2024
This week the median list price for Pasadena, CA is $1,881,499 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has held steady at or around 70. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,881,499
Median Price of New Listings $1,812,499
Per Square Foot $883
Average Days on Market 114
Median Days on Market 53
Price Decreased 26%
Price Increased 9%
Relisted 20%
Inventory 70
Median Rent
Market Action 54
Strong Seller's Market

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
$5,500,000 5,846 0.5 - 1 acre 6 7 68 4 0 98
$2,685,000 3,044 0.25 - 0.5 acre 4 4 70 6 3 49
$1,374,500 1,746 8,000 - 10,000 sqft 3 2 93 4 4 112
$978,999 1,251 6,500 - 8,000 sqft 3 2 96 8 4 7