Market Report
Altadena, CA
Single-Family Homes
Chartwell Escrow
Altadena, CA
Mon Dec 16 2024
This week the median list price for Altadena, CA is $1,566,500 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has decreased to 30.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,566,500 | |
| Median Price of New Listings | $1,314,000 | |
| Per Square Foot | $762 | |
| Average Days on Market | 69 | |
| Median Days on Market | 39 | |
| Price Decreased | 30% | |
| Price Increased | 7% | |
| Relisted | 7% | |
| Inventory | 30 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Click for more charts
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,198,000 | 2,797 | 8,000 - 10,000 sqft | 4 | 3 | 95 | 0 | 1 | 63 |
| $1,768,000 | 2,224 | 0.25 - 0.5 acre | 3 | 2 | 71 | 2 | 0 | 35 |
| $1,304,500 | 1,867 | 6,500 - 8,000 sqft | 3 | 1.5 | 77 | 4 | 0 | 10 |
| $999,500 | 1,372 | 8,000 - 10,000 sqft | 3 | 1.5 | 86 | 1 | 1 | 31 |