Local Market Report

Pasadena, CA

Single-Family Homes



Pasadena, CA

Wed Oct 20 2021
This week the median list price for Pasadena, CA is $1,799,000 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 107. 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

Wed Oct 20 2021
This week the median list price for Pasadena, CA is $1,799,000 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has increased to 107. 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 $1,799,000
Median Price of New Listings $1,387,500
Per Square Foot $796
Average Days on Market 75
Median Days on Market 28
Price Decreased 28%
Price Increased 3%
Relisted 11%
Inventory 107
Median Rent $1,550
Market Action 60
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
$6,439,500 5,960 0.5 - 1 acre 5 6 93 2 1 101
$2,750,000 3,732 0.25 - 0.5 acre 4 4 70 5 6 77
$1,495,000 2,150 8,000 - 10,000 sqft 3 3 83 6 5 14
$929,888 1,238 6,500 - 8,000 sqft 2 1 96 9 8 7