Local Market Report

Pasadena, CA

Single-Family Homes



Pasadena, CA

Fri May 27 2022
This week the median list price for Pasadena, CA is $1,673,500 with the market action index hovering around 68. This is less than last month's market action index of 72. Inventory has increased to 110. 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

The market has started cooling and prices have recently plateaued. Since 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

Fri May 27 2022
This week the median list price for Pasadena, CA is $1,673,500 with the market action index hovering around 68. This is less than last month's market action index of 72. Inventory has increased to 110. 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

The market has started cooling and prices have recently plateaued. Since 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 $1,673,500
Median Price of New Listings $1,499,999
Per Square Foot $784
Average Days on Market 62
Median Days on Market 14
Price Decreased 19%
Price Increased 4%
Relisted 7%
Inventory 110
Median Rent
Market Action 68
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$6,099,000 6,554 0.5 - 1 acre 5 6 84 3 1 70
$2,099,000 3,104 0.25 - 0.5 acre 4 4 85 9 6 21
$1,497,000 1,783 6,500 - 8,000 sqft 3 2 81 12 6 7
$912,450 1,172 4,500 - 6,500 sqft 3 1.5 83 11 7 7