Local Market Report

Pasadena, CA

Single-Family Homes



Pasadena, CA

Fri Mar 29 2024
This week the median list price for Pasadena, CA is $1,950,000 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased to 65. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Pasadena, CA

Fri Mar 29 2024
This week the median list price for Pasadena, CA is $1,950,000 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased to 65. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,950,000
Median Price of New Listings $1,849,000
Per Square Foot $879
Average Days on Market 123
Median Days on Market 63
Price Decreased 26%
Price Increased 8%
Relisted 17%
Inventory 65
Median Rent
Market Action 52
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
$5,487,500 5,695 0.5 - 1 acre 6 7 56 0 1 87
$2,721,500 3,164 0.25 - 0.5 acre 4 4 73 2 1 35
$1,757,500 1,946 8,000 - 10,000 sqft 3 2 74 3 5 133
$1,098,000 1,152 6,500 - 8,000 sqft 3 2 97 4 7 49