Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Wed Jul 17 2019
This week the median list price for Pasadena, CA is $1,456,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 198. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Pasadena, CA

Wed Jul 17 2019
This week the median list price for Pasadena, CA is $1,456,500 with the market action index hovering around 42. This is an increase over last month's market action index of 41. Inventory has held steady at or around 198. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,456,500
Per Square Foot $633
Days on Market 94
Price Decreased 42%
Price Increased 3%
Relisted 12%
Inventory 198
Median House Rent $3,400
Most Expensive $14,488,000
Least Expensive $499,000
Market Action Index
Slight Seller's Advantage
42

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
$3,150,000 4,480 0.5 - 1 acre 5 3 70 3 6 127
$1,790,000 3,122 0.25 - 0.5 acre 4 2 68 3 7 90
$1,112,500 2,002 8,000 - 10,000 sqft 3 1 72 6 12 84
$793,500 1,356 6,500 - 8,000 sqft 3 1 93 9 15 77