Deasy Penner Podley's Market Report

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Sat Jul 11 2020
This week the median list price for Pasadena, CA is $1,780,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 137. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Jul 11 2020
This week the median list price for Pasadena, CA is $1,780,000 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has held steady at or around 137. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,780,000
Per Square Foot $645
Days on Market 94
Price Decreased 22%
Price Increased 4%
Relisted 7%
Inventory 137
Median Rent $3,500
Most Expensive $25,000,000
Least Expensive $468,900
Market Action 43
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
$4,550,000 6,037 0.5 - 1 acre 5 6 61 2 1 147
$2,165,000 3,026 0.25 - 0.5 acre 4 4 69 5 1 131
$1,394,000 2,269 8,000 - 10,000 sqft 3 3 87 6 5 53
$949,000 1,492 6,500 - 8,000 sqft 3 2 81 14 16 45