Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Tue Oct 15 2019
This week the median list price for Pasadena, CA is $1,550,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 171. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Tue Oct 15 2019
This week the median list price for Pasadena, CA is $1,550,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 171. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $1,550,000
Per Square Foot $612
Days on Market 94
Price Decreased 38%
Price Increased 5%
Relisted 15%
Inventory 171
Median House Rent $3,800
Most Expensive $13,488,800
Least Expensive $485,000
Market Action Index
Slight Seller's Advantage
43

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
$3,535,000 4,752 0.5 - 1 acre 5 4 71 4 2 133
$1,998,022 3,291 0.25 - 0.5 acre 4 2 68 6 5 102
$1,195,000 1,928 8,000 - 10,000 sqft 3 1 71 7 9 76
$749,000 1,292 6,500 - 8,000 sqft 3 1 95 5 8 64