Local Market Report

Pasadena, CA

Single-Family Homes



Pasadena, CA

Sat Feb 27 2021
This week the median list price for Pasadena, CA is $1,544,500 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 78. 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

Sat Feb 27 2021
This week the median list price for Pasadena, CA is $1,544,500 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has held steady at or around 78. 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 $1,544,500
Per Square Foot $674
Days on Market 49
Price Decreased 18%
Price Increased 5%
Relisted 12%
Inventory 78
Median Rent $3,550
Most Expensive $39,800,000
Least Expensive $524,000
Market Action 54
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 6 6 74 3 0 154
$1,950,000 2,824 0.25 - 0.5 acre 4 4 73 5 4 63
$1,354,000 2,277 6,500 - 8,000 sqft 4 3 90 6 2 45
$884,000 1,355 6,500 - 8,000 sqft 3 2 95 4 5 7