Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Pasadena, CA

Wed Oct 24 2018
This week the median list price for Pasadena, CA is $1,295,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 215. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 24 2018
This week the median list price for Pasadena, CA is $1,295,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 215. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $1,295,000
Per Square Foot $614
Days on Market 91
Price Decreased 40%
Price Increased 3%
Relisted 19%
Inventory 215
Median House Rent $4,423
Most Expensive $28,000,000
Least Expensive $475,000
Market Action Index
Slight Seller's Advantage
41

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
$3,398,000 5,094 0.5 - 1 acre 5 4 70 3 2 163
$1,849,000 2,920 0.25 - 0.5 acre 4 2 66 5 7 99
$999,000 1,954 6,500 - 8,000 sqft 3 1 90 9 5 57
$699,949 1,125 4,500 - 6,500 sqft 3 1 93 9 11 46